Still pushing, until lower lows are made, have to pivot and assess what’s being giving. Thinking we can see a push up to gap fill in short term. Market sell today sold right into a daily demand zone. If this holds, think we can see a smaller 5 wave count up to test gap fill and possibly retest 296. My plan is to watch price action in this zone here we are currently in and look to enter a small long.
If we bounce out, target will be 293. Also, 293 is still my caution: if rejects, can indicate we are starting a 5 wave count down. If we break and test 296, I’ll think if will further confirm this current count. Either way, I think we at least get 3 waves up, whether it be a 1 - 2 - 3 up or an a - b - c, both should trend the same. It is around the targets of “3” / “b” where I think a better indication of next steps will be clear.
If we bounce out, target will be 293. Also, 293 is still my caution: if rejects, can indicate we are starting a 5 wave count down. If we break and test 296, I’ll think if will further confirm this current count. Either way, I think we at least get 3 waves up, whether it be a 1 - 2 - 3 up or an a - b - c, both should trend the same. It is around the targets of “3” / “b” where I think a better indication of next steps will be clear.