Overcoming the pivot and maintaining the level looks very positive for the trend. However, Wave 4 is still not finished and may go deeper. But it must not close lower than wave 2. This would follow the slide and onto the new low.
The EMAs are so close together now, I think there's going to be impulse movement either way up or down.
The EMAs are so close together now, I think there's going to be impulse movement either way up or down.