This latest move changes the analysis slightly. Looking for wave 3 down now.
So instead of this latest move up being an ending diagonal it looks like a wave 2 completed or near completion.
Only looking for shorts on this but still neutral.
Look for a break below $7635 or previous wave iv for confirmation.
So instead of this latest move up being an ending diagonal it looks like a wave 2 completed or near completion.
Only looking for shorts on this but still neutral.
Look for a break below $7635 or previous wave iv for confirmation.
Comment:
If you follow candles, on the 4 hour chart there is an evening star formation and a hanging man. Both bearish signs.
