Additional insight into earlier hourly count. This is no complex to short in my view, and new longs are cautioned on supposed completion of minor wave 1. However, over 20.40 would be a strong indication of the alt 1-2 count, with wave 3 underway.
Wave 2 consolidation can take several forms, and may be shallower than indicated. Easing in on the initial (a) wave retrace is advisable.
A corrective pullback, followed by taking out the top of whatever presumed coming high, would be a high confidence trade suggesting the winter low was the completion of a multi-year correction.
Just my view.
Wave 2 consolidation can take several forms, and may be shallower than indicated. Easing in on the initial (a) wave retrace is advisable.
A corrective pullback, followed by taking out the top of whatever presumed coming high, would be a high confidence trade suggesting the winter low was the completion of a multi-year correction.
Just my view.