See link below for previous analysis.
Wave 3 has unfolded as a textbook five wave impulse. The correction from 10269 cps is for wave 4 and is still showing downside potential.
My initial price range target for wave 4 is between 9000-8400 cps.
The outlook is still bullish as wave 5 still needs to unfold.
A deep sell-off below 7800 will invalidate this outlook.
Wave 3 has unfolded as a textbook five wave impulse. The correction from 10269 cps is for wave 4 and is still showing downside potential.
My initial price range target for wave 4 is between 9000-8400 cps.
The outlook is still bullish as wave 5 still needs to unfold.
A deep sell-off below 7800 will invalidate this outlook.
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