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ACB Analysis - One More Corrective Wave

Observations
  • ABC correction was thought to be completed, which would lead to the start of the next impulse wave
  • However we are now likely headed for further correction (i.e. form ABCDE correction) based on the current momentum
  • If we break 12.55 with strong conviction (i.e. significant volume) then I do not see this as the impulse wave


Disclaimer
For informational purposes only and not deemed as financial advice.
Catatan
In regards to my last bullet point, the word "if" should be "unless".
modernpicasso
Technical IndicatorsTrend AnalysisWave Analysis
modernpicasso

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