© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The broader context indicates that the 1-red wave has recently concluded, and the 2-red wave is now unfolding to decrease further.
In the short term, the outlook suggests that the (a)-purple wave has completed, and the (b)-purple wave is currently unfolding to push slightly lower. Following that, perhaps the (c)-purple wave will continue its job of pushing higher.
Invalidation point: 26.66
The broader context indicates that the 1-red wave has recently concluded, and the 2-red wave is now unfolding to decrease further.
In the short term, the outlook suggests that the (a)-purple wave has completed, and the (b)-purple wave is currently unfolding to push slightly lower. Following that, perhaps the (c)-purple wave will continue its job of pushing higher.
Invalidation point: 26.66