My preferred count still seems to be on track. Yesterday I wrote, that I was looking for one last decline below 129.80 to end wave i of 3. We later saw one more low at 129.64 and has since seen a rally higher in wave ii. Wave ii is best described as a flat correction, where wave c ideally will end near 131.07 (see the chart 5 minute below), but is could extend higher closer to the top of wave (iv) of one lessor degree near the 131.36 - 131.49 area.When wave ii is done we should see wave iii down to at least 127.80 and maybe even 125.37.
Let's see what will happen.
No comments:
Post a Comment