The impulse phase is complete we can expect a correction pattern to occur. The wave (5) was a nice Ending Diagonal Pattern which is often followed by a sharp reversal.
We can expect the correction to trade around 50 to 61.8 Fibonacci retracement level, it can never be 100% of the impulse wave.
We can expect the correction to trade around 50 to 61.8 Fibonacci retracement level, it can never be 100% of the impulse wave.
