Hi traders,
Overview: lets review the update of July 3rd and my expectation on that review: "The breakout of the the downward trendline is very important and can happen on Tuesday. I consider the 150 supply zone as a potential target for this wave x, which is also the 0.414 retracement of y."
Update: the overall count is still the same. The only change is that wave (y) is going to take more time to develop and reach higher targets than I expected. I think wave a of (y) of x is near completion. What follows is wave b of (y) and then its wave c. For now, I am considering the 152-154 zone as a potential target for wave x.
Overview: lets review the update of July 3rd and my expectation on that review: "The breakout of the the downward trendline is very important and can happen on Tuesday. I consider the 150 supply zone as a potential target for this wave x, which is also the 0.414 retracement of y."
Update: the overall count is still the same. The only change is that wave (y) is going to take more time to develop and reach higher targets than I expected. I think wave a of (y) of x is near completion. What follows is wave b of (y) and then its wave c. For now, I am considering the 152-154 zone as a potential target for wave x.
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