Looks like a flat is going to be forming. ED of a subwave flat is finishing. If you look closely we have a flat within a flat within a flat. Don't be confused this is all corrective, the giveaway is all the overlap that is occurring. We are also bouncing off downtrendline that is acting as support.
Trade wurde manuell geschlossen:
We got the bounce I was looking for but it was a weak bounce. It looks like a 2nd wave. I am now expecting 5 waves down from 18 Nov High to around 6.
Kommentar:
The alternative is that we are putting 1-2 up from yesterday's low. We are in neutral zone rn. We should have a decision when either the HOD or LOD breaks.
