Labeled in a complex corrective structure in Cycle Wave IV (green), with a Double Three pattern in its Intermediates (W)(X)(Y) (purple) sub-waves.
Intermediate (W) (purple) has been labeled as a Triple Three pattern in its Minor sub-waves WXYXZ (pink), under a Descending Channel.
Hidden (reversed) Bearish Divergence could synchronize with the upper trend-line (dotted black) of the Descending Channel.
Significant trend-line (dotted red) which was previously breached is being retested, and a rejection could occur as a possible result, thus opening the possibility for more down-side.
Intermediate (Y) (purple) could commence and could present a bearish impulse in a sustained sell-off.
Intermediate (W) (purple) has been labeled as a Triple Three pattern in its Minor sub-waves WXYXZ (pink), under a Descending Channel.
Hidden (reversed) Bearish Divergence could synchronize with the upper trend-line (dotted black) of the Descending Channel.
Significant trend-line (dotted red) which was previously breached is being retested, and a rejection could occur as a possible result, thus opening the possibility for more down-side.
Intermediate (Y) (purple) could commence and could present a bearish impulse in a sustained sell-off.
