So we completed the impulse waves to get to 9k. and now I believe we are midway through the ABC correction wave. looks like we will top out in the correction wave at about 8.7k in about 4 to 5 hours then finish the correct down at 8.2k in about 15 hours from now.
Comment:
the above chart wasn't quite framed properly so here is a redo of the chart.
Comment:
looks like we are at the end of wave B (where the large red B is on the chart) and about to start the decent to point C.
Comment:
well. looks like it completed the correction at the 8350 level. a bit sooner than I expected. and it is now gone into some uncharacteristic form. it looks like it tried to start a impulsive 12345 up but failed.
Trade closed: target reached