Elliott wave analysis # so weakness but other possibilities too

Wave (2) is in progress and there are possibilities that which inner wave is in progress - either wave C of (2) or wave B of (2). Once wave (2) completes, there will be strong up-trend but if current wave is wave B of (2) it may take some time for wave (2) to be completed.

Kommentar:

I discussed 3 possibilities in the chart. I expect possibility 3 is high probability and possibility 1 has very less probability based on wave formation.