That was an aggressive wave 3. Wave 4 now working itself out, consolidation. Wave 5 yet to come.
The sell stops resting above 10k are too tempting for whales. If they can trip 10k with a little force, it will cascade to 10.4k pretty quickly. I strongly suspect (and hope) the US market on Friday will hit the trip wire.
Comment
⋅
Looks like we are back on track:
Comment
⋅
I have not updated this idea in a while because I was scalping the expected retrace:
and
Comment
⋅
microFibs hitting all the notes exactly. If this micro 4 does not pull back below 9350, then 9500 is easily next target