No need to sweat, the bears have ran out of steam, the correction is over.
If you followed my count of the Wave 4 correction, you would have known I have called the bottom.
Here is a quick rundown of how I see the next two weeks playing out.
Let me know what you think...
If you followed my count of the Wave 4 correction, you would have known I have called the bottom.
Here is a quick rundown of how I see the next two weeks playing out.
Let me know what you think...
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As soon as we breach the local top, that is confirmation the bottom is in and a short term bullish sentiment has been established.
Chart:
Chart:
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Once we cross the green line, bullish sentiment has been established.
Chart:
Chart:
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Bullish Sentiment Established.
Chart:
Chart:
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Last update here...
Possible Triangle forming.
There are three scenarios;
1) Wave B forms a Triangle.
2) The ABC correction is complete and the original charting was correct, however, I have my doubts as targets were not met and PA is not thrusting up.
3) I am wrong, and the correction is not complete. In fact, if I am wrong here, I have to assume Wave C is complete and we are bearish.
Chart:
Possible Triangle forming.
There are three scenarios;
1) Wave B forms a Triangle.
2) The ABC correction is complete and the original charting was correct, however, I have my doubts as targets were not met and PA is not thrusting up.
3) I am wrong, and the correction is not complete. In fact, if I am wrong here, I have to assume Wave C is complete and we are bearish.
Chart:
