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.

تعليق:

In regards to my last bullet point, the word "if" should be "unless".