Follows the Elliott Wave principle, and we are currently in the B wave phase of a zigzag correction (ABC) within the fifth wave (Wave 5) on the weekly timeframe. After completing the impulsive movement of Wave 5, the market has entered a correction phase, with the A wave showing a sharp decline and the B wave currently unfolding. This B wave represents a countertrend rally, often characterized by a retracement of the A wave's movement, but it is not expected to exceed the starting point of Wave A. The market is likely to continue this upward correction in the B wave before it eventually transitions into the final C wave, which should lead to a deeper retracement
P/s : Not financial advice
P/s : Not financial advice
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