Right now I see two possible counts for the impulsive decline from 142.82.My preferred count is the above, which sees the decline as a wave 1-2 and wave 3 down has just begun with wave i and ii almost done. If this count is the rigth one then wave 3 will easily break below support at 136,95 for a decline to at least 135.36.
The alternative count, seen below, still has us in wave 1 down, where only the last minor wave v is missing. If this count is correct then we should see support at 136.95 hold for a correction back towards 140 - 140.66 area as wave 2.
Stay flexible and let the waves tell you which scenario is right.
No comments:
Post a Comment