Short first, then long. Seems like a stable trend.
If this 3 drives does not go lower than the previous drive's low, a breakout upwards is likely. Else, we'll have a chance to witness something rather boring.
Short opened at previous drive's last run up.
Can be a possibility of an elliot consolidation.
If that happens, we'll see a bear till 100-105 before an impulse bull.
If this 3 drives does not go lower than the previous drive's low, a breakout upwards is likely. Else, we'll have a chance to witness something rather boring.
Short opened at previous drive's last run up.
Can be a possibility of an elliot consolidation.
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Gonna wait for a year before i see anything.
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Update: On track
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3/4 of short closed, waiting for the next flag to take further action.
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This YOY chart may have been a reversal after all.