See link below for previous analysis.
The larger structure wave count for Northam is a bit tricky with a couple of probable counts.
Looking at the decline from 21246 to 9482, I see a five wave decline with overlaps hence I am updating the count as a leading diagonal or alternatively an ending diagonal.
A break below 9482 will confirm the leading diagonal which implies more downside.
I do not have much conviction that a bottom is in at 9482 so I will sit on my hands for now.
The larger structure wave count for Northam is a bit tricky with a couple of probable counts.
Looking at the decline from 21246 to 9482, I see a five wave decline with overlaps hence I am updating the count as a leading diagonal or alternatively an ending diagonal.
A break below 9482 will confirm the leading diagonal which implies more downside.
I do not have much conviction that a bottom is in at 9482 so I will sit on my hands for now.
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