Got clarity since my initial idea (linked below) on January 12, 2024 .
The alternative view presented there played out.
For now price seems to be in wave 1 of larger degree wave 3.
Break above red wave 1 high @ 195.50 and thereafter an impulsive break of the base channel will give more confidence to this idea.
Shall update the idea as price develops further.
Thanks for reading!
The alternative view presented there played out.
For now price seems to be in wave 1 of larger degree wave 3.
Break above red wave 1 high @ 195.50 and thereafter an impulsive break of the base channel will give more confidence to this idea.
Shall update the idea as price develops further.
Thanks for reading!
