Three for the price of one
The possible bullish continuation count I see at the moment:
We see a retrace here and then further push up as shown on the chart...
The retrace here is the wave 4 in the 3rd wave and the wave 5 of the 3rd will possibly end at the 1.27 fib cluster
The we'll see the a-b-c retrace as wave 4.(The retrace could also come an triangle a-b-c-d-e) due to wave 2 was very quick.
But take care!!!
Nothing is for sure here. Price gapped up monday.
What if it's a gap up and not a retrace but an Island reversal in spe?
Of cause we could see a gap close and then further push north.... yes ...like the count shown.
Another possibility could be a 5th wave top before market close and a guess of what to happen tomorrow.
My "take" is...: To stay out of the market until either the 2120 handle is cleared with conviction or we see a clear continuation of trend of downtrend. THe take out of the 88.6 lvl is CRITICAL .... it's the junction.
OBS!!! The easy money was earned friday on following the Bullish bat (See link below)
I'm out of the market myself .... waiting for price action to guide me.
I make an update when price action tell us more.
Fear not.... Believe
@BLawrenceM
Music at work:
www.youtube.com/watch?v=6MH9qWem...
open.spotify.com/tra...f3GyLEAzJXxZ5mbCPXTu
The possible bullish continuation count I see at the moment:
We see a retrace here and then further push up as shown on the chart...
The retrace here is the wave 4 in the 3rd wave and the wave 5 of the 3rd will possibly end at the 1.27 fib cluster
The we'll see the a-b-c retrace as wave 4.(The retrace could also come an triangle a-b-c-d-e) due to wave 2 was very quick.
But take care!!!
Nothing is for sure here. Price gapped up monday.
What if it's a gap up and not a retrace but an Island reversal in spe?
Of cause we could see a gap close and then further push north.... yes ...like the count shown.
Another possibility could be a 5th wave top before market close and a guess of what to happen tomorrow.
My "take" is...: To stay out of the market until either the 2120 handle is cleared with conviction or we see a clear continuation of trend of downtrend. THe take out of the 88.6 lvl is CRITICAL .... it's the junction.
OBS!!! The easy money was earned friday on following the Bullish bat (See link below)
I'm out of the market myself .... waiting for price action to guide me.
I make an update when price action tell us more.
Fear not.... Believe
@BLawrenceM
Music at work:
www.youtube.com/watch?v=6MH9qWem...
open.spotify.com/tra...f3GyLEAzJXxZ5mbCPXTu
