Price is now potentially making a wave Y (purple) of a bigger wave X (red) correction before the uptrend (light blue lines) continues. Whether wave X (red) finished at the 50% Fibonacci level or retraces lower to the 61.8% Fib remains to be seen.
Price is now potentially making a wave X (purple) of a bigger wave X (red) correction before the uptrend (light blue lines) continues. Whether wave X (red) finished at the 50% Fibonacci level or retraces lower to the 61.8% Fib remains to be seen.