Althought some C's internal wave countdown might forecast the ending of the previuos ABC movement, alternative ones disagree and spect a last 5th impulse wave that would find it's end at the bottom of the gray box in the 33K level. There' re also a volume/price bearish divergence and a channel rejection, witch supports the idea that correction is not yet over.
We have to wait till the bearish C channel is broken-throught and rejected in order to trigger our long-positions. Otherwise, we would be falling on a bulltrap. If the bullish inner-channel is broken-tought downwards we can expect a last corrective impulse.
We have to wait till the bearish C channel is broken-throught and rejected in order to trigger our long-positions. Otherwise, we would be falling on a bulltrap. If the bullish inner-channel is broken-tought downwards we can expect a last corrective impulse.