With the overlap in wave i at 3998, the previous count is negated and thus present an alternate count for wave (b) preceding an expected 5 wave formation of wave (c)to the upside for a major wave B (in red).
Sentiment remains weak but the presence of a divergence between price and MACD is indicative of a potential bottoming and the current pattern of a 5 wave down should stir some interest.
Sentiment remains weak but the presence of a divergence between price and MACD is indicative of a potential bottoming and the current pattern of a 5 wave down should stir some interest.
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