An update on this idea >
I think we're still in the wave 4 shown in the above chart. Wave 4 touched wave 1 and started moving downward so might still be alive.
Possibly touch 6016 then correct before finally breaking out of the large triangle towards $58.
This move and the move from 6328 to 5995 are almost identical but current move is a smaller degree.
Still holding a short from 6224. 6208 was closed in profit and I have added two more at 6135.
I think we're still in the wave 4 shown in the above chart. Wave 4 touched wave 1 and started moving downward so might still be alive.
Possibly touch 6016 then correct before finally breaking out of the large triangle towards $58.
This move and the move from 6328 to 5995 are almost identical but current move is a smaller degree.
Still holding a short from 6224. 6208 was closed in profit and I have added two more at 6135.
Comment:
If this move down is done then we could be in C wave, 1.618 of A to 6190 >
Before next leg down