Triangular consolidation posted earlier was invalidated
The structure transformed into a flat correction ABC
Waves A and B are done
Wave C looks like an Ending Diagonal with waves 1-3 out of 5 completed
Wave 4 of C is expected to move up to hit the upside of the downtrend
Wave 5 of C shall follow to retest the valley of wave A at $28,228
Minimum target for large yellow wave 5 is unchanged at the peak of wave 3 at $
is preliminary set at $30,990
Next target is preliminarily set at $32,500 but should be recalculated once large yellow wave 4 is over
Bullish trigger shall be set at the top of upcoming blue wave 4 of C
The structure transformed into a flat correction ABC
Waves A and B are done
Wave C looks like an Ending Diagonal with waves 1-3 out of 5 completed
Wave 4 of C is expected to move up to hit the upside of the downtrend
Wave 5 of C shall follow to retest the valley of wave A at $28,228
Minimum target for large yellow wave 5 is unchanged at the peak of wave 3 at $
is preliminary set at $30,990
Next target is preliminarily set at $32,500 but should be recalculated once large yellow wave 4 is over
Bullish trigger shall be set at the top of upcoming blue wave 4 of C
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