See link below for previous analysis.
Price continued higher to peak at 24476 cps after the previous analysis.
The strong sell-off broke below 15503 thereby invalidating the outlook.
Reason for optimism though is that the key invalidation level of 14662 still holds.
I am now looking at the large corrective structure as an expanded flat for wave 2.
For this outlook to remain valid, 14662 must continue to hold and to a lesser degree, 15263 could be a key bottom as well.
I am bullish above 14662 cps.
Price continued higher to peak at 24476 cps after the previous analysis.
The strong sell-off broke below 15503 thereby invalidating the outlook.
Reason for optimism though is that the key invalidation level of 14662 still holds.
I am now looking at the large corrective structure as an expanded flat for wave 2.
For this outlook to remain valid, 14662 must continue to hold and to a lesser degree, 15263 could be a key bottom as well.
I am bullish above 14662 cps.
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