Please refer to that article for detailed explanation to avoid repeating here and for proper context in terms of time and event it related to
However for ease of reference and tracking future price action and trade planning by Tradingview community I am reposting the main chart and snapshots here.
Warning: This is my interpretation of price action using TA approach that I consider helps me most5 but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.
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Regarding your chart with wave 'C' which has wave 3 labelled with 5 sub waves would mean that it is not an ending diagonal of 3-3-3-3-3 configuration as I am suggesting but 5-3-5-3-5 cycle. You could be right on this and in that case there might be more downside potential. However, I have struggled in clearly counting the wave 1 with subdivision of 5 minor waves. It could qualify as such if you consider it to be leading diagonal. But the wave ‘i’ of 1 looks very disproportional as shown in the snapshot.
If your suggestion is correct, then your wave 3 would have to be longer than you have shown other wise it could become shorted compared with wave 1 and 5. So some uncertainty remains. It will only become clearer with further price data.
Thank you for sharing and excellent effort nevertheless.