Two scenarios for the final bottom
As you can see big picture I see VET forming a WXY correction.
At the moment we are in WAVE X. My main scenario is an ending diagonal ongoing to finish X.
We just saw WAVE 4 and will now be short term bullish to do WAVE 5 up to round about 0.16 or higher.
After WAVE X we will see a strong, final impulse down to 0.04 or more.
Alternative:
We already saw WAVE X and are right now ending WAVE 3, forming WAVE 4 and will see the final move down to the end of WAVE Y.
The decision between both scenarios could be on the 0.382 FIB for WAVE 4 - it's 0.12 and a nice support which turned into resistance now. If we reversal there - the alternative could be in play. If we break resistance my main scenario will proceed.
As always this is just my opinion. Happy to hear your feedback.
At the moment we are in WAVE X. My main scenario is an ending diagonal ongoing to finish X.
We just saw WAVE 4 and will now be short term bullish to do WAVE 5 up to round about 0.16 or higher.
After WAVE X we will see a strong, final impulse down to 0.04 or more.
Alternative:
We already saw WAVE X and are right now ending WAVE 3, forming WAVE 4 and will see the final move down to the end of WAVE Y.
The decision between both scenarios could be on the 0.382 FIB for WAVE 4 - it's 0.12 and a nice support which turned into resistance now. If we reversal there - the alternative could be in play. If we break resistance my main scenario will proceed.
As always this is just my opinion. Happy to hear your feedback.