Tripple bottom just got invalidated. Possible Giant Leading Wedge on M1 may signal the start of wave 5 of the up trend.
Other reasons to call this a bottom: - wave 4 has reached 50% retracement level - Z = 100% of W - tripple bottom gets massive support from below. Bulls buy the dips - CME futures expire
Please don't trade only based on my analysis, I'm not responsible for your losses.
@analogue, Unclear because it's been forming for the past couple hours (green channel lines, yellow abcde). Leading wedge is a 5-3-5-3-5 structure. Depending on the resulting formation you can count the waves as threes or fives. The last leg e up may have already started. In case it fails, next levels of interest on the way down are: Z = 1.272 of W (9650) and 0.618 retracement of wave 4 (9450)
analogue
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@RagingRocketBull, No I just mean that the chart is messy: too much stuff on it