I have arrived at the following wave count conclusion. This correction takes the form of a wxy pattern: w comprises a double zigzag, followed by x, and then a double combination consisting of a zigzag, another x, and finally a flat pattern.
My analysis is further supported by a Wyckoff accumulation pattern.
At this juncture, we find ourselves in phase c, marked by the deliberate shaking off of retail investors. The market makers are employing tactics to create a sense of confusion, aiming to mislead investors and erode their confidence in the company. This orchestrated strategy often prompts them to relinquish their holdings.
My analysis is further supported by a Wyckoff accumulation pattern.
At this juncture, we find ourselves in phase c, marked by the deliberate shaking off of retail investors. The market makers are employing tactics to create a sense of confusion, aiming to mislead investors and erode their confidence in the company. This orchestrated strategy often prompts them to relinquish their holdings.