I think we are in an ending diagonal within the primary 4th wave position. Inside of the larger intermediate ABC.
LTF daily chart looks like we have lost the lower TL of the ending diagonal in what should become an overthrow on the weekly TF.
Currently working on the Z wave which is the strongest wave of the WXYXZ pattern which usually sends the price up or down depending on whether or not the WXYXZ pattern is bullish or bearish.
After wave Z a strong reversal hits. This is what my chart implies.
LTF daily chart looks like we have lost the lower TL of the ending diagonal in what should become an overthrow on the weekly TF.
Currently working on the Z wave which is the strongest wave of the WXYXZ pattern which usually sends the price up or down depending on whether or not the WXYXZ pattern is bullish or bearish.
After wave Z a strong reversal hits. This is what my chart implies.