A rough sketch of two predicted bearish paths.
We could see five pivots as one wave (of course, the breakout of the previous high would invalidate this assumption).
If it's WXYXZ- black.
If it's a less-than-ideal impulse wave, 12345.
This is derived from potential S&R that Gann Square, wave analysis, and the pitchfork can assume.
We could see five pivots as one wave (of course, the breakout of the previous high would invalidate this assumption).
If it's WXYXZ- black.
If it's a less-than-ideal impulse wave, 12345.
This is derived from potential S&R that Gann Square, wave analysis, and the pitchfork can assume.
seems impulse wave formation unlikely.
instead, i plotted double zigzag WXY or triple zigzag WXYXZ scenario.