Hi all,
So I have two 1-2 counts from the low at 15.63370.. the yellow number and the purple number. This doesn't include the blue one yet..
Silver is indicating that from that last impulse wave it has confirmed a bullish outlook. That purple colour support at 16.63 had me worried a bit.
So the most likely direction for this is a move up and I anticipate a longer term bullish outlook.
I will do my best to keep count of the waves to make sure we know where the end is.
Right at this moment Stops should be below the red line at 16.83 and wait for retraces to 23% fib of the last rally.
ALTERNATIVE COUNT GREEN ARROWS: there is a slight possibility we are only in a B wave only to break down more in the future for C. Keep the stops at 16.83 if that breaks we know it is coming in for a deeper retrace.
So I have two 1-2 counts from the low at 15.63370.. the yellow number and the purple number. This doesn't include the blue one yet..
Silver is indicating that from that last impulse wave it has confirmed a bullish outlook. That purple colour support at 16.63 had me worried a bit.
So the most likely direction for this is a move up and I anticipate a longer term bullish outlook.
I will do my best to keep count of the waves to make sure we know where the end is.
Right at this moment Stops should be below the red line at 16.83 and wait for retraces to 23% fib of the last rally.
ALTERNATIVE COUNT GREEN ARROWS: there is a slight possibility we are only in a B wave only to break down more in the future for C. Keep the stops at 16.83 if that breaks we know it is coming in for a deeper retrace.