Confluence at target with long term horizontal support, triangle measurement from A-B projected from E and also Algo target from most recent significant swing high to swing low. Trade is invalidated if E wave goes above C of the ABCDE.
Longs outpacing shorts which can be construed as a contrarian indicator.
Longs outpacing shorts which can be construed as a contrarian indicator.
Trade closed: target reached:
Happened sooner than expected. Still technical.