Hi traders,
Overview: in my last update, we expected leg (c) of triangle being done and leg (d) started.
Update: it seems we were a bit early on the expectation that leg (c) is finished. Yesterday, the market formed the bottom of leg (c) and started leg (d). I see this leg developing as a double or triple zigzag, with the first zigzag (w) completed so far.
Overview: in my last update, we expected leg (c) of triangle being done and leg (d) started.
Update: it seems we were a bit early on the expectation that leg (c) is finished. Yesterday, the market formed the bottom of leg (c) and started leg (d). I see this leg developing as a double or triple zigzag, with the first zigzag (w) completed so far.
