Seems like we have a Leading Diagonal visible on the 2-hour / 4-hour timeframe, implying that impulse is towards the downside
Higher timeframe aspect, we might be heading down to complete a Wave C Ending Diagonal
Target would ideally be the lower Trendline of Wave C Diagonal, but it could fall short as well
Either way, it's likely we see a new low beyond the previous Swing Low
Higher timeframe aspect, we might be heading down to complete a Wave C Ending Diagonal
Target would ideally be the lower Trendline of Wave C Diagonal, but it could fall short as well
Either way, it's likely we see a new low beyond the previous Swing Low