Hi Guys, UY H4 giving extended waves in Y and in lower degree price is giving extension in Z. At this stage I can see UY playing out like the plotted lines and the downside could be drawn out for a lot longer yet before we see a deeper correction or perhaps a reversal
This is not a trade call!
Enjoy
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Wave Z on smaller degree over and looking for the larger X up before we see the Z down
@zachlandscaping, Yes I still hold small position short and will now wait until the downside is over and get a big impulse higher and then look for buys longer term