The "b" corrective wave may have just concluded and the "c" corrective wave may begin for further downside to test support, before possibly resuming upside on a further series of impulse waves. Will it then test or break the all-time high continuing the bull run, or will we see stronger retracement? It is a time of great controversy, euphoria and FOMO from the bullish, and trepidation about the overbought market from the bears. Note I have no idea what I'm doing so don't take this as advice, just possible ideas I was thinking about.
Commentaire:
I was too soon to call the completion of the correction, invalidating the head and shoulder pattern, and now moving into an ABCDE corrective wave, giving us structural clarity. The targets here of 28000 still remain, see my new idea for a chart.