The lack of motion with bars closing within a relatively narrow range says we are in a correction. The choppiness suggests we are in a wave b up within a larger correction. This is my primary scenario.
If the current upswing that is moving up to wave b fails to exceed the wave A' high then I would expect a move down to fibonacci support (horizontal line),...
Price is above the moving averages and the RSI is above 40 in this chart so the trend in this time frame is up. Since I believe we are in a c wave of a larger expanded flat, I am placing long trades at signal entry points derived from shorter time frame charts. I will begin liquidating my positions near the 9/18 highs. If price breaks below a moving average on...