As of right now the 5 up off the dump looks bearish in nature.
Likely an A wave on the daily as part of a zig zag ABC correction and we are now finished with wave B.
The C wave can extend past the recent highs and the bulls can flip the 5 up in a HTF wave 1,2 and start a 3 wave off the recent lows.
But gun to my head that's not likely anytime soon.
Likely an A wave on the daily as part of a zig zag ABC correction and we are now finished with wave B.
The C wave can extend past the recent highs and the bulls can flip the 5 up in a HTF wave 1,2 and start a 3 wave off the recent lows.
But gun to my head that's not likely anytime soon.
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