waves618

waves618

The upper warning line of the Pitchfork suggested the uptrend had reached its limit, though could have continued upwards and adhered to the upper warning line. The confluence with the 8300 horizontal level gave more weight to the likelihood of a temporary pullback at that point

waves618

This major wave 2 has certainly not finished and I see it forming a large WXY (just as it did in 2014), currently forming the X wave