It is very difficult to find an impulsive count of the move up off the late February low.
I tend to count it as a complex w-x-y corrective wave b up of ii down.
I still expect the final drop to 3,650 in wave c of ii.
That drop would set a stage for another rally that would break out over 4,000.
I tend to count it as a complex w-x-y corrective wave b up of ii down.
I still expect the final drop to 3,650 in wave c of ii.
That drop would set a stage for another rally that would break out over 4,000.
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Join my Telegram channel: t.me/TheCastAwayTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.