We can also see that there is conflunece for the . for the larger degree Wave 3 and .618 ext. of the smaller degree Wave C (relative to Wave A).
Another thing to note is that the current move up looks like very similar to the major one prior to this. They could very well be fractals.
For me to switch to full bull mode, we need to breach my Invalidation line and needs to pick up. Otherwise, I am anticipating a possible major sell off.
Here is also a nice set of potential fractals that my buddy pointed out.
Fractals, in my experience, almost always come in sets of 3. Small, medium, and large. This set of fractals would adehre to said guidelines perfectly.
Scaling up my shorts til $10,000. Stop loss is set around $10,300.
Each bulltrap has had a similar # of point increase before the major sell off. This case is no different.
Closer look at a possible subwave pathway.