The "Alternative wave count" from my previous update has become viable. The A-B-C structure of the last swing down suggests the price should make another high before attempting a deeper correction. At the same time, currect pullback may be more complex with prices moving down to $1640 area. Important price levels and suport/resistance zones are drawn on the chart.
Comment:
New high is in place, just as predicted. Watch this pitchfork channel:
Comment:
The price has hit the $1792 target. As long as it stays within the pitchfork, we don't have a clear sell signal:
