Have we finally retraced Wave 2 enough to begin Wave 3?
1st target 4188
2nd target 44xx
3rd target 5000
The current daily candle is engulfing at this point and if it remains above 3600, that is a great sign of a reversal. The wave 2 I had previously drawn kept getting extended until finally we see this positive candlestick pattern after a hard bounce off round number 3500. As can be seen, this is a healthy .618 retrace plus some from the Wave 1 Impulse.
See my previous wave counts and ideas linked below.
Have a Great Day!
1st target 4188
2nd target 44xx
3rd target 5000
The current daily candle is engulfing at this point and if it remains above 3600, that is a great sign of a reversal. The wave 2 I had previously drawn kept getting extended until finally we see this positive candlestick pattern after a hard bounce off round number 3500. As can be seen, this is a healthy .618 retrace plus some from the Wave 1 Impulse.
See my previous wave counts and ideas linked below.
Have a Great Day!
