Last update has gotten stale...resistance is still doing its job and has not changed.
White wave i was a solid hit on the 61.8% extension off of wave 2 (May low). See bottom of resistance box, red line. IF wave ii completed in an expanded flat as shown, then 1526 is my minimum target for (v) of iii. Wave (i) of iii has an ambiguous Leading Diagonal appearance; not the most reliable for a solid trade plan.
One could enter long on a corrective retrace with a stop below 1310 for a presumed powerful wave 3, but beware the potential for a deeper ii, or even alt 2 as shown in yellow.
White wave i was a solid hit on the 61.8% extension off of wave 2 (May low). See bottom of resistance box, red line. IF wave ii completed in an expanded flat as shown, then 1526 is my minimum target for (v) of iii. Wave (i) of iii has an ambiguous Leading Diagonal appearance; not the most reliable for a solid trade plan.
One could enter long on a corrective retrace with a stop below 1310 for a presumed powerful wave 3, but beware the potential for a deeper ii, or even alt 2 as shown in yellow.