Wave 5 Target

ICX seems to be moving quite nicely now and a conservative target for wave 5.

Drew subwaves for the last impulse wave with rough estimates, might end up with a truncated subwave 5.

تعليق:

Correction on the chart above as the lows that happened the previous day made it a "new" wave 4, but it also invalidated the wave analysis as it crossed the high of wave 1.

Below is the corrected pattern. ABC is purely a guess that a flat would happen. A zig-zag is also possible and wave c would end up around .618 fib or deeper. Will have to update once a wave b is determined.

تعليق: