Long

ACB headed for abc correction??

Updated

I've counted a possible 5 waves down and think ACB hit a bottom for now. This is on a 1 hour chart and a possible ABC correction may happen next or we're in wave 3 up to go much higher. 2nd point is that ACB has down trended for 7 days and see this as a good bounce place. The big run up needs to be reflected by another counter wave up. The MJ index also bounced off the 10ema weekly, so this could time a counter move back up.

Note

if we move very positive tomorrow i could see selling on monday. support needs to hold 9.10 on a positive move overall.

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looked weak today...MJ index did move up must either

Note

may go back to 8.70...close above 9.20 is good

Trade closed manually

stop

7878max

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