rapid target hit in long ABC correction
Since ABC correction of this Eliot wave was following 5,3,5 pattern (hue line), I was estimating wave retracements to find most probable cluster for ultimate price correction (red dotted lines) of micro wave 4. Nonetheless this recent superb pump hit the final long target abruptly and changed DT Osc. and MAC D direction additionally.
I believe those preceding candles to the pump may barely be considered as a correction and we are still in wave 3. There will be consolidation in red C price zone and W4 is needed to be estimated in accordance with new circumstances. So there could be a short increase afterwards for W5
I believe those preceding candles to the pump may barely be considered as a correction and we are still in wave 3. There will be consolidation in red C price zone and W4 is needed to be estimated in accordance with new circumstances. So there could be a short increase afterwards for W5
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