I suspect we are already on an upward trend.
The diagonal we just finished can be referred to as wave A.
Sadly, this means that we missed it and even stayed short for a significant portion of it.
The new low is still possible, as indicated in black, but I am increasingly leaning toward the red scenario.
Wave b could be almost any shape, making trading difficult or impossible.
The diagonal we just finished can be referred to as wave A.
Sadly, this means that we missed it and even stayed short for a significant portion of it.
The new low is still possible, as indicated in black, but I am increasingly leaning toward the red scenario.
Wave b could be almost any shape, making trading difficult or impossible.
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