https://i.imgur.com/CiOlOtz.png
Goodness, that would be an epic troll and would confuse the hell out of the market.
I've been keeping a head fake through $10.5K in mind for quite a while now. A short-lived wick into the $11,000s (the yellow squiggle) was the original trajectory for this idea:
https://i.imgur.com/zgABnbJ.png
However there is a possible impulsive interpretation here. Two possibilities I see:
https://i.imgur.com/Jp1prF6.png
A push to the $11,000s or $12,000s would likely suggest a higher degree Wave 1 to me. In that case I'm looking for a 0.382-0.618 retracement for Wave 2 and then a continued bull market.
Thanks for the updates as always.
Yes, it would be quite a tricky market to fool both bulls & bears alike if this scenario manifests.
Currently not seeing the rise from the 13-MAR-2020 low to present as impulsive, yet.
So, either this rise is all of wave-X heading to >10,500 but <14,000, or it may subdivide as a three legged A-B-C affair as illustrated.