So we had a good 2 days of upside.
I am changing the possibilities a bit:
1. Possibility 1 (Red): We are in larger Triangle (ABCDE - Red) E done and we have made a bottom. Wave 1 of next leg up seems done, we should expect a 2 now.
2. Possibility 2 (Blue): We are in a Larger ABC (Red) and C is further an ED (ABCDE - Blue).
In that case the leg up of last 2 days was an A.
We should expect a B down (22200-250) and C up (22800, 23050) which will complete D.
Post that, we will have a E of Red C down, mostly till 21500, 21200.
Still hoping red one holds, but no one knows. :)
I am changing the possibilities a bit:
1. Possibility 1 (Red): We are in larger Triangle (ABCDE - Red) E done and we have made a bottom. Wave 1 of next leg up seems done, we should expect a 2 now.
2. Possibility 2 (Blue): We are in a Larger ABC (Red) and C is further an ED (ABCDE - Blue).
In that case the leg up of last 2 days was an A.
We should expect a B down (22200-250) and C up (22800, 23050) which will complete D.
Post that, we will have a E of Red C down, mostly till 21500, 21200.
Still hoping red one holds, but no one knows. :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.