Providing this count is correct we have had a major wave 1,2,3 and currently finishing the 4 before the final 5th up. Wave 1. An A, elongated B, C as a 3-3-3.(wave 4). Wave 3. A, elongated B, C
The count would be as follows:
Wave 1.
Corrective - A, elongated B, C. (3-3-3)
Wave 3.
Corrective - A, elongated B, *currently doing the C*. (3-3-5)
This count would be invalidated below around $48,200.
Further confluence to this count will be posted below.
TL;DR
Short term bearish. Medium term b000000lish.
The count would be as follows:
Wave 1.
Corrective - A, elongated B, C. (3-3-3)
Wave 3.
Corrective - A, elongated B, *currently doing the C*. (3-3-5)
This count would be invalidated below around $48,200.
Further confluence to this count will be posted below.
TL;DR
Short term bearish. Medium term b000000lish.
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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.