originally i had a bullish count, expecting this last retest of 40k to be wave 3, but unfortunately the correction in what i expected for wave 4 has now impeded the price point of wave 1, for that reason there is a higher probability that the pattern is instead an a-b-c pattern to the upside, which implies a new low in the near term under 30k
if we breakdown and hold 26-28k area, there is a high probability of a long trade in that region.
if we breakdown and hold 26-28k area, there is a high probability of a long trade in that region.