In this current 4HR chart, I’ve mad some changes to my wave count and outlook based on the current price actions. I now believe that the initial move up was a completed 5-wave wave A. Prices are now working its’ way through the wave B and that wave B is unfolding in a complex manner. Most likely in a WXY pattern with an ending triangle. That triangle is still in development and right now in its’ leg D. Once that is done, leg E down will complete the triangle and see an end to the wave B.
There is a POTENTIAL Bat that is still waiting to be completed.
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