From my previous post I was waiting for the $11.5 area to resupply in hopes that the 3rd eliot wave would continue.
The chart above, like always, shows the possible bear outcome.
We might still be retracing into a larger B wave to still complete a larger C wave down near the $9.00. This would imply the impulse yesterday wasn't the start of a new wave or we failed the wave.
In either case I still see a small retracement Near B before we continue in any direction.
**Disclaimer - not financial advice, please trade with caution and DYOR.
Any comments are very appreciated.
The chart above, like always, shows the possible bear outcome.
We might still be retracing into a larger B wave to still complete a larger C wave down near the $9.00. This would imply the impulse yesterday wasn't the start of a new wave or we failed the wave.
In either case I still see a small retracement Near B before we continue in any direction.
**Disclaimer - not financial advice, please trade with caution and DYOR.
Any comments are very appreciated.