This falling wedge looks like diagonal triangle type 2 from EW (green color count). If this is so, we should bottom out somewhere a little below lower trend line.
Although I've noticed, sometimes wave 5 transforms into a cup and a handle (!), which can go much lower before going up.
Trade safe, don't listen to me, listen to your gut :)
Although I've noticed, sometimes wave 5 transforms into a cup and a handle (!), which can go much lower before going up.
Trade safe, don't listen to me, listen to your gut :)
