3. Analysis of the graphic diagram.
As you can see, the chart (1 bar-2 weeks) shows a downward corrective movement (388.11-89.59), which is a non-standard type of wave consisting of two phases of correction. The first phase or triple, which began at 388.11 and presumably ended at 300.10, is a monowave, followed by x-wave of the same monowave level of complexity as the first triple. As we can see, the second phase or triple is a conventional polywave, in which all the segments of the wave A, B and C are monowaves.
It is shown that this second triple represents a standard type of correction in the form of a zigzag (A-B-C), the end of which is the completion of wave-C, and it falls at the local minimum level of 89.59.
Since the measurement of price projections (lengths) of waves A and C of this zigzag shows that wave-C is longer than 161.8% of the wavelength is A, insofar as this zigzag must be qualified as elongated (all the results of the measurements are shown on the graph).