Subwave ii Continuing
Subwave ii is continuing with its correction. It is likely to retrace by 38.2% or 61.8% of Subwave i as shown by the chart. It will be a flat correction and the question is whether the tail will be short or long. As I said in the last blog, a typical second wave retracement is 61.8%, but let us hope that the 38.2% retracement line will provide strong enough support.