Small ABC, then back to the top of the wedge to attack the bears
The only way I could make the 5 count was like this, if 3 was to be the longest upward wave.
The A of this small ABC correction bounced right of the .382 fib of the 5th wave.
I can see us back at 11150 to 11200 in this small aBC, before attacked the top of the wedge. This will coincide with long term resistence and the break out of the i head and shoulders, so the resistance will be significant.
Also looking at some bullish MA crossovers on the 1 day chart.
It will be a monstrous fight in a couple of days!!
The A of this small ABC correction bounced right of the .382 fib of the 5th wave.
I can see us back at 11150 to 11200 in this small aBC, before attacked the top of the wedge. This will coincide with long term resistence and the break out of the i head and shoulders, so the resistance will be significant.
Also looking at some bullish MA crossovers on the 1 day chart.
It will be a monstrous fight in a couple of days!!
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