Not an expert on these waves but if it follows the same pattern as Wave (1) to (2), I reckon Wave (4) will play out as on chart ? Of course this could be wrong but I would look to go long on margin between $882 ~ $895 before we head off towards Wave (5). Positive for bulls is that 200 day EMA coming inside Fib Channel so would give reasons for support at these levels as always events may prove otherwise!
This Bull flag/ pennant may take another couple days to play out imo.
This Bull flag/ pennant may take another couple days to play out imo.
