I'm sorry to say that, what started as a 5-wave impulse that initially disqualified the first prospect ABC zigzag correction has now come back to life with its ABCDE rising wedge. This long C-wave of the C-wave is extended and the rising wedge does, in itself, confirm its exhaustion - and especially so as it hit the 618 fib, yet while "throw-under" with its final wedge E-wave.
Technical downside in the shape of a massive 5-wave C-wave is now to be expected, and with a final target in the mid to low 20 000's.
Technical downside in the shape of a massive 5-wave C-wave is now to be expected, and with a final target in the mid to low 20 000's.