Wave structure has been corrective since 18th December low, typical of an expanding diagonal (not impulsive) wave c, within which, the price range where wave (iv) overlaps (ii) is where wave (iv) terminates and reversal takes place.
The question is by how much wave (iv) overlaps (ii)? 50%, 61% or others?
The bottom line is at the low of wave (ii) where this wave count could be invalidated.
The question is by how much wave (iv) overlaps (ii)? 50%, 61% or others?
The bottom line is at the low of wave (ii) where this wave count could be invalidated.
Immediate invalidation of wave count provides a better insight of the larger scale.
The complex correction iv that started from June 2019 top is due to terminate where it overlaps wave ii, within this larger expanding diagonal c.