The most likely path is the solid blue as it will satisfy the ABCD pattern in play and perhaps a much larger harmonic and the final relief bounce.
The green path will be the bull's last hope to stage a push for the highs again, but a solid break of the wedge is requisite, else we retest the lows.
The dashed line is the least likely but may come into play if china concerns persist or geopolitical risk is front and center again.
We will get more clarity after Chinese data and the long labor day weekend.
The green path will be the bull's last hope to stage a push for the highs again, but a solid break of the wedge is requisite, else we retest the lows.
The dashed line is the least likely but may come into play if china concerns persist or geopolitical risk is front and center again.
We will get more clarity after Chinese data and the long labor day weekend.