Hi, little has changed on wave count since my last update (see link) although everyone is not feeling comfortable because of yesterdays fall. Well, there is Tom DeMark buy setup forming. If today we close lower than 4 bars earlier (bar 4 or 11.665) and tomorrow close lower than tomorrows 4 bars earlier (bar 5 or 11.663) buy signal will be formed because of trend exhaustion. If that rule is met, besides that if todays low will be lower than 2 bars earlier (number 6 or 11.659) or tomorrows low will be lower than 2 bars earlier (number 7 or 11.360) it will be perfect buy. setup. By Elliot wave i would expect one more rise in 5 waves so that is good setup too.
There was double inside bar on bars 2,3 and 4 and we dropped below but that direction should end with TD buy setup.
There was double inside bar on bars 2,3 and 4 and we dropped below but that direction should end with TD buy setup.
