Hi Traders,
Until the drop we had on February 20th, price was making a strong case for continuation towards 4000. This may still happen, as this current drop has completed a WXY expanding flat (i.e. wave 4 on the higher degree).
I'm therefore looking for price to confirm long setups as it is expected that the bull rally may resume.
Trade with care!
Regards
Wave Theorist
Until the drop we had on February 20th, price was making a strong case for continuation towards 4000. This may still happen, as this current drop has completed a WXY expanding flat (i.e. wave 4 on the higher degree).
I'm therefore looking for price to confirm long setups as it is expected that the bull rally may resume.
Trade with care!
Regards
Wave Theorist