We see a completed actionary wave y, which has the form of a primary double zigzag â“Œ-â“-â“Ž, and a second small intervening wave x, also representing a double zigzag.
Now the formation of the final actionary wave z is taking place, which, most likely, will take the form of a primary standard zigzag â’¶-â’·-â’¸.
The primary wave â’¶ has the form of an impulse (1)-(2)-(3)-(4)-(5), for the completion of which a minor sub-wave 5 is needed. Its end is expected near 49.00. At that level, unfinished wave z will be at 38.2% of wave y. Then market participants can expect a small correction in the wave â’·
The second chart hints that the formation of the reactionary intervening wave is not completed. Here it will take the form of a double zigzag of the primary degree â“Œ-â“-â“Ž. The first two zigzag sub-waves â“Œ-â“ look finished.
Now the price is in the wave â“Ž. It is assumed that this wave will take a standard zigzag structure of the intermediate degree (A)-(B)-(C), as shown in the chart.
The growth of shares should be expected to 140.10. At the level of 140.10, cycle intervening wave x will be at 38.2% of actionary wave y.
