Overview: let's review the key expectations of the previous update:
Update: I think we are in wave 4 of c of (b), which will be followed by wave 5 to peak for wave (b) of V of C of (Y) of 2. The price action followed the proposed path nicely, but the structure of the hourly chart is not very clear to be honest. Ideally, I would wait for more price action before doing any type of trade on this name.
- I see wave (b) of V developing as an expanded flat, where waves a and b are complete and we are inside wave 2 of c of (b).
Update: I think we are in wave 4 of c of (b), which will be followed by wave 5 to peak for wave (b) of V of C of (Y) of 2. The price action followed the proposed path nicely, but the structure of the hourly chart is not very clear to be honest. Ideally, I would wait for more price action before doing any type of trade on this name.
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