- I feel we are retracing the March to ATH run Impulse Wave 1.
- This would put us in a position of retracing that run with a Zig Zag for Wave 2.
- With Wave A of that Zig Zag completed, it looks like we are now wrapping up Wave B.
- Upon that playing out, we would then look for an Impulse or Ending Diagonal to paint Wave C to fulfill the retracement.
- Position of Wave C is based upon the likeliness of fibonacci levels for Wave C of a Zig Zag
Comment:
From a Micro Level... I see up selling off a bit here. Arrows mark potential fib levels to watch as this would be a good area to buy the bounce and run a bulllish trade for the completion of my anticipated Wave 2.
Comment:
*correction* "run a bulllish trade for the completion of my anticipated Wave b on Macro"
Comment:
Feeling topsy.