SUMMARY
VeChain (VEN/USD) is undergoing a broad stroked ABC ZigZag correction. The C wave could be targeting for the prior Wave 2 zone. While the waves could morph into a complex or combination type or decide to go sideways as per the Hurry Up & Wait agenda; the subwave counts can assist in gaining a "geo" positioning of micro to higher degree of trends.
VEN has hit an incremental lower low. The subwaves of the red A wave consist of five waves down and that confirms the ZigZag type. The B wave harbors only three waves labeled as white abc. The red C wave is pointing towards the prior wave 2 zone. The final blue wave 5 needs to subdivide into a smaller degree of trend. The white waves 4 and 5 remain. Again, the direction and wave pathways can morph towards further sideways action but the impulse subwaves look to have a set direction.
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