Overview: let's review the expectations on the update of yesterday:
Update: based on the hourly chart, I believe that we are still in wave b of (y) of b of Z, developing as a flat.
- The bearish move of August 16th to Oct. 13th is considered as leg a of Z and we are now in wave b of Z.
- Looking into the hourly chart, wave b of Z can be a double or triple zigzag.
- Potential targets for wave b peak? (~3980)
Update: based on the hourly chart, I believe that we are still in wave b of (y) of b of Z, developing as a flat.
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