The price-action since the 149.39 does look impulsive, but I suspect it's a c-wave, which should soon be over. Yes we could see a little more downside action towards 141.55 area, but that should be it, setting the stage for the next move higher towards 152.73.I have made some adjustment to my count, but overall I'm still see the bullish count outweigh the bearish alternatives.
On the hourly chart below there is a couple of different counts, but I have chosen the nine-count, as I have difficulties saying which wave extended

No comments:
Post a Comment