Guys I've drawn a BEAR case yesterday but as long as we remain in the channel I'm BULLISH
What can we see on this illustration:
1) WAVE A or WAVE 1 with an irregular FLAT correction.
2) assuming 1) tells us that we are in a C wave
3) 61.8% is at 57.3k which is a key level
4) Any LONG ENTRY would need a SL not above 56.4k or just below of the Sub-Wave 1 level
Be careful guys as this C wave could also be a Wave 1 of my BEAR case for the 5th wave.
What can we see on this illustration:
1) WAVE A or WAVE 1 with an irregular FLAT correction.
2) assuming 1) tells us that we are in a C wave
3) 61.8% is at 57.3k which is a key level
4) Any LONG ENTRY would need a SL not above 56.4k or just below of the Sub-Wave 1 level
Be careful guys as this C wave could also be a Wave 1 of my BEAR case for the 5th wave.