shevectorie

and so we have confluence...

We might have a wave 5 of an impulse B wave.

see chart for fib levels

See chart for fib targets

corrective structures

simplified wave count. Entry Order setup

I'm expecting an expanded flat.

wave # 3

see chart

We may be in a corrective wave after a wave C impulse

A belt of a bigger zigzag wave might be finished.

Expanding flat.... C to the upside.

I believe the ending diagonal is concluding.

Placed in case it makes a wave 5.

May reach 1.2 fib extension.

see chart

wave 5 of a higher degree wave 3

Despite a show of power by the bears this pair has more upside potential left. We could have wave B or wave 1 impulse for a bigger wave 5. Careful on where to place your stoploss.