SAGA 8H Correction
The upside from my previous analysis played out as expected and price reached the 2.9 zone.
In my primary count, the downside movement from the last few days is blue wave 4 correction, which is subdivided by green waves a-b-c.
The 50% pullback level, at 1.9982 is a zone of interest to look for reversals for another leg up.
The impulsive wave thesis is valid as long as we stay above wave 1 high (at 1.7903 - purple line).
In my primary count, the downside movement from the last few days is blue wave 4 correction, which is subdivided by green waves a-b-c.
The 50% pullback level, at 1.9982 is a zone of interest to look for reversals for another leg up.
The impulsive wave thesis is valid as long as we stay above wave 1 high (at 1.7903 - purple line).
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