Macro view:
5 waves complete forming a bigger 1 wave
Now retracing down to make the bigger 2.
Probable target for the 2 would be the 50%-65% fib level
Smaller view:
The A wave looks to be finished and we’re now retracing back to create the B
Target for B is between the 38.2%-50% fib levels
5 waves complete forming a bigger 1 wave
Now retracing down to make the bigger 2.
Probable target for the 2 would be the 50%-65% fib level
Smaller view:
The A wave looks to be finished and we’re now retracing back to create the B
Target for B is between the 38.2%-50% fib levels