Price is trading at it's 52 year low on pretty good .
Count preferred says this is beginning of new Wave 1. Alternate count would it starting Wave 3. Either way, me thinks we have a nice reversal set up.
We can wait for TSI to turn Positive, and for a Candle reversal. Also, we could wait for the XA projection to fully complete to 1.27XA also.
I'm not ready yet, but I have freed up some capital to pull trigger on this one should we get confirmation. Here's the big picture zoomed out:
There are a total of three harmonic patterns that have now completed in the PRZ, the large Butterfly, a Large AB=CD and another AB=CD inside of this AB=CD
TSI turning up, and it shows divergence as well/. Her e is the chart zoomed in to the price action on the 1 hour:
"The best time to buy a stock is when it looks like it isn't worth buying" Scott Carney of Harmonic Trading