The bottomed out is not yet happened, it Is just a pause or small relief in the DOWN trend. This week or early next week the market will resume its real direction. Prepare yourself.
In the pullback (Wave B), wave WXY completed and another X is in progress. Wave W is not very clear, so possibility for either one - flat or zigzag. Wave Y is zigzag.
There is possibility for a triangle (the current wave X) based on the development happened so far. If so, wave AB in the triangle completed and wave C is about to end.
Disclaimer: This is just my personal view and not recommending any trading ideas.
In the pullback (Wave B), wave WXY completed and another X is in progress. Wave W is not very clear, so possibility for either one - flat or zigzag. Wave Y is zigzag.
There is possibility for a triangle (the current wave X) based on the development happened so far. If so, wave AB in the triangle completed and wave C is about to end.
Disclaimer: This is just my personal view and not recommending any trading ideas.
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