remains most likely in correction mode for the time being. We can count 5 waves off the January peak. The subsequent bounce counts as a double zig-zag
, which reached the 50% fibonacci retracement
has been notoriously complex during the past years. We should not be surprised by some complex followthrough for the current correction instead of a simple zig-zag
as we suggested here for the past couple of weeks. Weather it remains simple or complex – the correction will most likely persist.