There’s a downward double zigzag, which is supposed to be the fourth wave of wave 1. Previously, we had a massive advance in wave ((iii)). In this case, the market should begin unfolding wave ((v)) of 1 in the coming days. Alternatively, wave ((iv)) might continue, which will lead to a few weeks of consolidation before wave ((v)) begins.
The fourth-wave correction might have been in place in the form of a double zigzag. If correct, another upward impulse is likely at the early stages. In this case, as long as the price remains above the low of wave 4, the bullish opportunity will be in force.
There’s an ongoing extension in wave 3. As you can see on the 8h chart below, there’s a downward three-wave price movement, which supposed to be wave ((iv)). The fifth-wave advance is underway, so the market should break the high of wave ((iii)) in the coming days.
It seems like wave ((c)) or ((y)) is over as a zigzag. As you can see on the 8hour chart below, the fourth wave of wave (C) might have been in place, so there’s a green light for wave 5 of (C) to begin. If so, the market should start rising towards the high of wave 3 of (C) in the coming days.
As shown on the one-hour chart, there’s an ongoing extension in wave (iii). Wave iv is almost over, so wave v of (iii) should begin shortly.
The price has been rising since wave ((ii)) finished as a double zigzag. As you can see on the 45m chart below, there’s a double three pattern, which is supposed to be the second wave of wave (v). If correct, the market should continue unfolding wave iii in the coming days.
The market might have finished unfolding a possible fourth-wave correction in the form of a zigzag. Previously, a bullish impulse ended in wave 3 or C. The current upward price movement is likely wave (i), which hasn’t been finished yet. In this case, we could see the price a little bit higher before wave ((ii)) begins.
There’s an ongoing extension in wave 3. As you can see on the 8h chart below, there’s a downward three-wave price movement, which supposed to be wave ((iv)). The fifth-wave advance is underway, so the market should break the high of wave ((iii)) shortly.
It seems like wave ((c)) or ((y)) is over as a zigzag. As you can see on the 8hour chart below, the fourth wave of wave (C) might have been in place, so there’s a green light for wave 5 of (C) to begin. If so, the market should start rising towards the high of wave 3 of (C) in the coming days.
As shown on the 1H chart, wave (iii) finished, so the current advance is likely a part of wave (iv), which might take the form of a flat pattern. In this case, the market is likely going to move sideways in the coming days.
The market might have finished unfolding a possible fourth-wave correction. Previously, a bullish impulse ended in wave 3 or C. In this case, we’re likely at the early stages of wave ((i)).
