According to one of my potential Elliott Wave
counts, we have just completed our intermediate wave (A) and minor wave 5. This tells us that we should expect to begin our intermediate wave (B) and minor 1 upwards. I had been tracking what appears to be a leading diagonal
before noticing the potential for a bearish deep crab harmonic
. IF this harmonic pattern
confirms, I will post a follow-up on a trade idea for that.
I am posting this now, as a potential long swing trade of low risk. We should expect strong support at the $9,000 price level, so as we are currently floating around $9,100, just below $9,000 can be our stop loss.