Deeper correction expected?

In my view the correction of the previous impulse is not deep enough yet.
It looks like an ABC (could be a flat but a zig zag is also possible)
The blue line is 38.2 fib retracement
If it breaks down we must wait for a correction before shorting.
Let's see how it develops

Not investment advice - ideas for learning and discussion

Steve

Kommentera:

Could be going for a 5 wave correction before going short - no buy set up yet