SUMMARY
About two weeks ago, the below chart was used to analyze WaBi. The ABC was projected to not yet be complete given that the subwaves were not adding up. A lower low was needed to completed wave v of C. The abcde triangle had fit well the form of a wave iv.
Currently, price shows that indeed, the lower low was placed. While the ABC was maintained, except with C being lowered; its subwaves have been updated with wxyxz. A little more towards the Z could seal the deal with its completion.
Once Z wave completes, this large wedge pattern could get resolved. The white waves show the projection for the breakout potential. I find it hard to be bearish given how close this wedge is to being resolved.
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