US30 Clean Bounce Off C vs A Extension
That 100% C vs A extension target got struck by lightning this morning. The rate of the rebound almost surprised me as much as the dip. Has it already completed a minuette wave 1 back up? Provided this correction doesn't morph into a triangle or combination, that Fib target being reached today should signal the start of impulsive development on the way to new all-time-highs.
Also note how perfectly minute wave ((b)) hit the 61.8% retracement of A. I hadn't even caught that previously because I was counting it as an impulse until it invalidated yesterday with the new low.
There may be somewhat of a pullback still to come if this evening's sideways movement didn't already produce a wave 2, but overall my prediction is bullish.
Also note how perfectly minute wave ((b)) hit the 61.8% retracement of A. I hadn't even caught that previously because I was counting it as an impulse until it invalidated yesterday with the new low.
There may be somewhat of a pullback still to come if this evening's sideways movement didn't already produce a wave 2, but overall my prediction is bullish.