morning ~
my expanding diagonal was invalidated, but the 0.382 wave 4 target still sits over here
in my bear post from yesterday, if you look closesly, i had a burgundy box around it, and we are here today.
the key is how it came up here, through a 5-3-5, which is an abc, rather than an impulse.
it can expand higher, and invalidate this bear idea easily - so tight stop on this swing.
a push above my 100% extension, will likely send it much higher, and confirm a bullish breakout.
w5 target = 34.5k
my expanding diagonal was invalidated, but the 0.382 wave 4 target still sits over here
in my bear post from yesterday, if you look closesly, i had a burgundy box around it, and we are here today.
the key is how it came up here, through a 5-3-5, which is an abc, rather than an impulse.
it can expand higher, and invalidate this bear idea easily - so tight stop on this swing.
a push above my 100% extension, will likely send it much higher, and confirm a bullish breakout.
w5 target = 34.5k
Comment:
sell off seems kinda weak, watch the reaction from 0.50~0.618% retracement in the local area. potential for bullish expansion
Comment:
okay, it looks game for continuation ~
Comment:
straight into the abyss.