With the break out of the bear channel, a consolidation and then a 5 wave move up, I am on the lookout next week for a decline into supports where I plan to go long for the next leg higher.
Comment:
Approximate move pattern:
Comment:
I would not be surprised if we have a rapid move down into supports next week -- nothing to worry about as per this analysis -- of course I can be wrong but one can't live life assuming one is wrong
