KOMODO (KMD): Don't Underestimate the Hurry Up & Wait Syndrome
Komodo (KMD) is trying put in the final waves of a complex correction and has retraced to a recent lower low. The wxyxz pattern is likely in its final stage for z and beyond it, there is still a scenario for price to continue sideways a while longer. However, this all changes should a couple rounds of an impulse rise be put in. The Hurry & Wait syndrome can't be underestimated.
The blue circle shows the finer subwaves and if there five subwves of c of Z remains; then the terminal end of the complex correction is probable. However, the sideways action can be quite persistent where price literally goes horizontal for a good length of time. But first, let's finish the current set of waves.
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