Providing the floor holds here it looks like we have a 3-3-5 abc correction. Time to move up soon hopefully!
Note
Breaking down the last wave; we may see one last stab down to count the 5 waves within the C leg. This could truncate or go lower. Expect to see short term bullish div on the RSI form when it happens.Note
Would now like to see an impulsive higher low (inverse head&shoulders, wave 1,2, ect).Note
Wave count invalidated. Still looks like a bottoming structure. However, this wave is another corrective wave instead of the first impulsive wave. (This 5th wave may finish here as a truncated 5th. I have not outlined any technical targets).
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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.