We forecast that either the black or the blue count turns out. We'd wait until we get confirmed breakouts in 2-3 major European indices before entering long positions in Europe. We refer to establishing above the beginning November highs as a "breakout".
Note
Expanding triangle appears to be playing out here... expecting to see another impulse to the downside until year end.Note
Our forecast here is on track:Trade closed: target reached
Minute wave ii° probably complete.Trade closed: target reached
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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.