The move up from 1130 to 1230 is clearly corrective.
There are two options.
a) This was Wave A of the correction : In this case we are looking for a flat wave B to end in the 1150/1140 range
b)This was the entire correction: In this case we are looking for a new low between 1131 and 1089
There are two options.
a) This was Wave A of the correction : In this case we are looking for a flat wave B to end in the 1150/1140 range
b)This was the entire correction: In this case we are looking for a new low between 1131 and 1089
