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H4: wave from 0,8543 HH from Oct 22nd I see as ZZ but as 5th of a also c is much too much weak and too short!
I think there was start of 5-0 and possible Shark. Price went up and hit 62 retracement and 162 expansion of ab but at the same time also the most distant level of 5-0 and retrace started. Target of D of 5-0 is lenght of AB and 50% of BC is critical level; IF 5-0 will develop then move up will continue; IF 50% will be broken there real down move starts.
If Shark is also in play, in case of successful 5-0, then target is between 89 retracement and 113 extension.
Good trading!
I think there was start of 5-0 and possible Shark. Price went up and hit 62 retracement and 162 expansion of ab but at the same time also the most distant level of 5-0 and retrace started. Target of D of 5-0 is lenght of AB and 50% of BC is critical level; IF 5-0 will develop then move up will continue; IF 50% will be broken there real down move starts.
If Shark is also in play, in case of successful 5-0, then target is between 89 retracement and 113 extension.
Good trading!
