That was an aggressive wave 3.
Wave 4 now working itself out, consolidation.
Wave 5 yet to come.
The sell stops resting above 10k are too tempting for whales.
If they can trip 10k with a little force, it will cascade to 10.4k pretty quickly.
I strongly suspect (and hope) the US market on Friday will hit the trip wire.
Wave 4 now working itself out, consolidation.
Wave 5 yet to come.
The sell stops resting above 10k are too tempting for whales.
If they can trip 10k with a little force, it will cascade to 10.4k pretty quickly.
I strongly suspect (and hope) the US market on Friday will hit the trip wire.
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Looks like we are back on track:
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I have not updated this idea in a while because I was scalping the expected retrace:
and
and
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microFibs hitting all the notes exactly. If this micro 4 does not pull back below 9350, then 9500 is easily next target
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