This is the beginning of Wave 3 of Wave A of an unfolding 3 Wave Zig Zag .
The complex nature of the Blue Wave 2 indicates that the Blue Wave 4 of Wave A should be a quick and sharp retracement (Alternation).
TARGET: Minimum is the 2.618 extension but as always we will watch the waves unfold.
As per the previous idea the red dotted line should be used as a stop or you can use the start of the current impulsive advance just below the green dotted line.
The complex nature of the Blue Wave 2 indicates that the Blue Wave 4 of Wave A should be a quick and sharp retracement (Alternation).
TARGET: Minimum is the 2.618 extension but as always we will watch the waves unfold.
As per the previous idea the red dotted line should be used as a stop or you can use the start of the current impulsive advance just below the green dotted line.
