Because we're coming out of consolidation from an ABC on the day chart, there are a couple ways to count the bullish exit impulses.
Like I posted earlier about not overstaying your welcome on shorts, this would be a great place to keep the bulls from taking anything back if you're bearish. I'm thinking there will be much higher prices to short from relatively soon.
I will not be shorting this except maybe on the smallest of time frames and am primarily looking for longs. I like double bottoms on the 4 wave and will be watching for those.
Like I posted earlier about not overstaying your welcome on shorts, this would be a great place to keep the bulls from taking anything back if you're bearish. I'm thinking there will be much higher prices to short from relatively soon.
I will not be shorting this except maybe on the smallest of time frames and am primarily looking for longs. I like double bottoms on the 4 wave and will be watching for those.
