i don't post charts but it could be WXY or ABC and it could be topping right now, we have pretty clear 5 waver with divergence between 3 and 5 for some C probably
Whatever the local count is, the larger count is moderately bullish. Its not impulsive to the downside. Notice how stamp bottomed on a lower low than china, that looked like a larger wave C terminating, it would imply that china bottomed on a failure.
Its a fair triangle and a fitting failure, wave iii went surprisingly far (too far). This is when failure v's occur.
We are in an impulse to the upside, (not exactly the size I expected but none the less). Wave ii of this retrace was very shallow, so when wave iii tops, which could be here or fairly higher than here, we can expect a sharp wave iv down before a wave v might take us higher, I couldn't guess how high.
We are right now testing the log downtrend line. If this breaks in style which it sure could it might be time to assume we are going to produce a larger wave B that I have talked about before. Of coarse we will continue to supervise the local count in case of a false breakout and wave ii, but things have potential to become very interesting because of this price action.
Seems to go well with the information I was informed about
Consolidation till june 20th, after that pump to $260 and then dump to $220, after that there may be another bubble.
Classified inside sources
Classified inside sources