Path continues from last week's pattern with choppy movement before any significant up or down move. Bears are lurking, but may be disappointed at size of near term drop. If they bite they will provide fuel to carry prices higher until seeing a better opportunity after all 5 waves are complete (red arrow).
Looking for right entry point for trading the pattern while sitting out for now, but not for long.
Looking for right entry point for trading the pattern while sitting out for now, but not for long.