We could look forward for one more bullish Wave 5.
Local support: $9300 - $9400
Invalidation level: $8950
Current sentiment: Wave 4 done (A-B-C) or still in progress (A-B-C-D-E)
Local support: $9300 - $9400
Invalidation level: $8950
Current sentiment: Wave 4 done (A-B-C) or still in progress (A-B-C-D-E)
Comment:
We could be in Wave 3 of the last (Primary) Wave 5 structure. Invalidation of this particular count would be the $10900 - $10950 ranges, where we have a strong local support as well.