It's safe to say we have a short-term top in play. This count shows a zigzag for 1, which means we are in 2 right now.
The premarket data shows a different count, and we could go all the way back down to 6 in an alternative count.
There is also another count where we completed a 4th wave from March highs, and so we could go below ATL.
The premarket data shows a different count, and we could go all the way back down to 6 in an alternative count.
There is also another count where we completed a 4th wave from March highs, and so we could go below ATL.
Note
There is a possibility that this is only 2 of C and not the reversal. We could be forming an Ending diagonal with a large 2nd wave. If we get above today's high 12 is next.
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Related publications
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.