There is a weekly corrective WXYXZ Pattern forming , and currently , the final wave Z is in progress .
Wave Z internal structure is A,B,C : i.e. 5,3,5
The current bullish impulse wave moving in within the green up channel is wave A
The breakdown of that green channel could be a sign for a down correction of wave B which can be any three corrective structure like ZigZag , Flat . The breakup of the resistance line of wave B could be a sign for the end of the down correction and a resume of the bullish impulsive wave C to complete Wave Z of the larger corrective pattern WXYXZ from which price may go strongly down
Wave Z internal structure is A,B,C : i.e. 5,3,5
The current bullish impulse wave moving in within the green up channel is wave A
The breakdown of that green channel could be a sign for a down correction of wave B which can be any three corrective structure like ZigZag , Flat . The breakup of the resistance line of wave B could be a sign for the end of the down correction and a resume of the bullish impulsive wave C to complete Wave Z of the larger corrective pattern WXYXZ from which price may go strongly down
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Wave 5 is ending ... bearish correction is coming to breakdown the green channel
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