Bulls make the case
Updated
I am favoring this count at the moment which has the best measurment ratios I have found so far. Makes sense to pause at the .5 and also to reach for the .618. Plenty of alternatives with this structure however any good entry here(any major swing .5 or .618 retrace) with confluence on the clear trend lines are no brainers. Let the FED pump it all and be ready for we are going to see a crescendo across all markets and when the dust clears heres to hoping its a better world.
Note
With the impulsive move down off the first lower high I expect us to retrace further, it now seems more probable that we have a 1 wave in place and are looking for an ABC down to the .5 to .618 retracement zone around 8200.Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.