Very uncertain about this one, but just an idea. Could be a fan pattern forming with a bounce off the 3rd leg being a breakout upwards. Chime in and tell me what you think.
Vol, take a look at Will Wong's charts- he's been spot on through this correction- and the piece from Azor re: Wyckoff distribution- if this market is not overbought now, any pullback before entering price markup phase will be shallow and small- perhaps ~Dow 24645 area @ 78% Fibo. I expect the higher high to form within next week- should occur ~9 trading days out from new high on 14th. I doubt that speculation on a pullback will be useful.
Starting to wonder whether we will get much of a (ii) leg down after all. Lotta strength in it today. I expected down to Fib .68-ish but maybe we had it already?!