Updated for what appears to have been an expanded flat in wave 2. Regardless, I was too aggressive earlier. Been out-of-pocket with my 3rd child born just over two weeks ago. I've updated this pattern and will watch for a solid impulse in wave cir-i off this low. Hold a corrective retrace from there in cir-ii and this could finally take off in the powerful wave cir-iii of minor 3.
Comments
bhowe
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Nick, you're seeing a continued move higher based on your charts. Thanks for posting. Congrats on your child.
nick.holland78
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@bhowe, I'd have some concerns near-term if it keeps breaking down, but yes otherwise am watching for an impulsive pattern looking up to indicate this decline is over.
bhowe
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@nick.holland78, 200MA on the daily chart is resistance. Once it breaks thru, I see more movement higher.
nick.holland78
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That a-b-c might count better as a w-x-y, but anyway here's the notional roadmap for wave cir-i on an hourly chart.