Ok, so the previous count I posted was incorrect.I was concerned that wave 4 had entered wave 1 territory (this is not allowed), but it's apparently okay as long as it's only the wick of the candle, not the body of the candle. Using the line plot instead of the candle plot confirms that wave 4 did no enter wave 1 territory.
So this is the count as I see it now.
Expect a bullish wick at the bottom of this bullish wedge- might be a good buy point-although slightly risky. I have circled.
Bullish divergence and MACD look good too. Wave 3 should be 1.618 times the size of wave 1, perhaps 2.618 if it's an extended wave 3- which we may very well see.
Not financial advice.
So this is the count as I see it now.
Expect a bullish wick at the bottom of this bullish wedge- might be a good buy point-although slightly risky. I have circled.
Bullish divergence and MACD look good too. Wave 3 should be 1.618 times the size of wave 1, perhaps 2.618 if it's an extended wave 3- which we may very well see.
Not financial advice.
Shouldn't dip too much lower than 7300 (I hope lol).