Friday, July 2, 2021

MTU Weekend Ed - Zigzags (7/2/21)

We are tracking the upswing since the Lockdown Low as a potential double zigzag [blue (Y)] or a potential triple zigzag [red (Y) and (X)].  See Chart 1.

 

For the double zigzag count, its wave (Y) can also be counted as a smaller triple zigzag which is likely mature based on measurements.  See Chart 2 - wave Y is about 0.618 of wave W, and now wave Z is around 0.618 of wave Y.

For the triple zigzag count,  Chart 3 tracks a potential expanding triangle wave (X) currently in progress. 





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