The Wolfe wave plotted previously may also turn out to be a larger falling wedge. We shall wait to see the price action on the upper boundary / trendline.
For now, price seems to have bottomed at C on distinct volume, and RSI peeping up / showing upwards momentum above the lower boundary, after reaching the oversold area.
This idea as shown would also mirror the "three drives" pattern, provided the swing D>E is similar in nature and size to the previous two.
For now, price seems to have bottomed at C on distinct volume, and RSI peeping up / showing upwards momentum above the lower boundary, after reaching the oversold area.
This idea as shown would also mirror the "three drives" pattern, provided the swing D>E is similar in nature and size to the previous two.
