PPT did around a 88% retracement since the last high we had. In my view it did a nice big ABC correction with a very long C leg. After that we started to do wave 1 and ended now our wave 2 Correction. Wave 3 is normally the longest and nicest wave to ride. quite often its a X3 factor of Wave 1 but I rather stay cautious.
Wave 4 will be a quick short pullback because wave 2 was complex
Wave 4 will be a quick short pullback because wave 2 was complex