Elliot Wave Theory based analysis.
Typical retracement for Wave 4 is 0.382.
If it goes beyond the 0.382 the more likely scenario is that the 5th wave is already in and we are heading lower to ultimately 0.5-0.65 retrace.
Typical retracement for Wave 4 is 0.382.
If it goes beyond the 0.382 the more likely scenario is that the 5th wave is already in and we are heading lower to ultimately 0.5-0.65 retrace.