We are still on the ascending wedge, Bear flag. After we go up until around $900 something, we have to keep the correction of wave 2 (impulse-correct-impulse) until leg 2 = A-B-C is completed.
Then we skyrocket with wave 3, reaching 161.8% of wave 1, which is almost previous ATH.
What do you guys think?
Then we skyrocket with wave 3, reaching 161.8% of wave 1, which is almost previous ATH.
What do you guys think?
Comment:
Like I said, I'm still firm with A-B-C correction, being A (impulse) B (corrective -ABCDE) and now we are going to see C (impulsive). Expect something around 790 ( in case we have a ABC truncate correction) and if it falls under 790, will reach around 740 or lower.