In my last TA
I explained how a failure to break 8730 would extend the correction for an WXY combo. It is exactly what happened, I nailed the 8730 target, but I also did thought that we would go further down. We almost touched the 0.5 which is a decent correction for a wave 2.
As we stand the problem remains the same, we need to break this critical area for a better chance of going back to an uptrend. If it fails, we will go for another 3 corrective waves which in this case will have very good chances to bring us to 8k.
So far the impulse looks much healthier than the previous one.
As we stand the problem remains the same, we need to break this critical area for a better chance of going back to an uptrend. If it fails, we will go for another 3 corrective waves which in this case will have very good chances to bring us to 8k.
So far the impulse looks much healthier than the previous one.