My next preferred count is a 3-3-3 sequence, with current leg being the third B. Within this context, a triangle seems to have formed, hence, prices should not exceed the dashed red line, ideally the D leg should fall short of its upper limit. Inversely, the E leg should overshoot before resuming the main upward trend (a fakey - not sure about this spelling, but i'll go with it). Don't expect major signals from the RSI in this faze, major divergences generally come at the top of wave 5's.
Commentaire:
14160, i've started shortimg
Ordre annulé:
This Wave count has been disproven. The next best wave count is saying that the move from march lows is a wave 5. I believe it won't be a clear cut impulse wave, but rather choppiness will persist still for a while. I'll follow up with details.
