Hi traders,
Overview: We concluded that the bottom is in for wave X up. Lets review the Important Note I provided in my previous update: "if this count is actually playing out, following a retest for wave II, we should see a strong bull rally as III of (III) breaking up through the channel" and this is exactly what happened.
Today's Update: I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher.
If you need a reference to the overall count on the daily chart, refer to my previous analysis.
Overview: We concluded that the bottom is in for wave X up. Lets review the Important Note I provided in my previous update: "if this count is actually playing out, following a retest for wave II, we should see a strong bull rally as III of (III) breaking up through the channel" and this is exactly what happened.
Today's Update: I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher.
If you need a reference to the overall count on the daily chart, refer to my previous analysis.
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