We are at critical crossroads. Seems like two striking possibilities here in this excellent local EW form.
1-2 i-ii or abc. The one two chance begins with a primary wave extension, nothing wrong with this count but it is fragile, becoming invalid with a solid break under 2500. abc only just meets the B wave retrace level of a flat. This would take us lower to a limited downside. The bigger picture is Bullish in either case.
1-2 i-ii or abc. The one two chance begins with a primary wave extension, nothing wrong with this count but it is fragile, becoming invalid with a solid break under 2500. abc only just meets the B wave retrace level of a flat. This would take us lower to a limited downside. The bigger picture is Bullish in either case.
I am thinking along the same lines, but with a bias towards the lower one (obviously, for a bear
).Expecting the first correction about 6 hours from this post, of course if the small triangle breaks down.
Agree with you Tzupy. Let's refresh all the indicators. Give it some time of stability and then we are up for the races.