I favor this bull count. I think we still have a 3 swing to the downside to finish off a wxy correction. This will take us down to the 367-370 range to find our wave 4 bottom. This would put wave 4's bottom at the 38.2 (most common wave 4 bottom) which aligns with the breakout backtest as well as the area that the ATH AVWAP currently resides.
If we follow this path go long near the 100 extension (370). Stop loss would be on downtrend breakout backtest failure (i.e. we fall beneath the trendline with volume confirmation)
If we follow this path go long near the 100 extension (370). Stop loss would be on downtrend breakout backtest failure (i.e. we fall beneath the trendline with volume confirmation)