After the 5 wave til the top of Dec '17, we are in a correction. Unlike many, I believe the correction is still not over, I'm considering 2019 rally as a bull trap and a typical B wave in EW
I expect the correction after a 5 wave to go till 50% retracement or 0.618 Fib. 50% retracement here also gives A:C = 1:1 which is textbook and also as the bottom of the red channel
Looking at inverted chart this looks like a perfect V bottom reversal
This idea is not brand new, I posted a similar observation 2.5 months back
I expect the correction after a 5 wave to go till 50% retracement or 0.618 Fib. 50% retracement here also gives A:C = 1:1 which is textbook and also as the bottom of the red channel
Looking at inverted chart this looks like a perfect V bottom reversal
This idea is not brand new, I posted a similar observation 2.5 months back
