This is an update for this idea:
The market bounced ahead of the 8150 level. What now?
If price stays above .81856 there is still a possibility that the market is
in wave 3 and the rally from .81856 to .8350 was the first wave within wave 3.
If the market takes out .81856 we can label the rally to .8350 as XX
and the market will probably trade lower towards .8000.
Look below for more charts.
Good luck!
The market bounced ahead of the 8150 level. What now?
If price stays above .81856 there is still a possibility that the market is
in wave 3 and the rally from .81856 to .8350 was the first wave within wave 3.
If the market takes out .81856 we can label the rally to .8350 as XX
and the market will probably trade lower towards .8000.
Look below for more charts.
Good luck!