Overview: let's review the key points of the previous update:
Update: our expectations were met perfectly where the third zigzag developed on Friday pre-market and wave 2 of c of (III) of c of Z of (B) peaked at 3733.75 (3734 was the expectation). Now, we are in wave 2 (cyan) of (A) (yellow) of 3 of c of (III) of c of Z of (B) and in the regular hours of today's market we will see wave 3 of (A).
- We are in wave 2 of c of (III) of c of Z of (B).
- Retest of double top's neckline on the hourly chart to happen.
- So far, we have completed 2 zigzags in wave 2, can it be complete? yes or it can get a third zigzag to the zone of the neckline and the downward trendline.
Update: our expectations were met perfectly where the third zigzag developed on Friday pre-market and wave 2 of c of (III) of c of Z of (B) peaked at 3733.75 (3734 was the expectation). Now, we are in wave 2 (cyan) of (A) (yellow) of 3 of c of (III) of c of Z of (B) and in the regular hours of today's market we will see wave 3 of (A).
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