Hi guys, I still see the current move lower as a continuation of the first impulse lower (the first and second arrow in the chart).
A correction can extend for a very long time and take a lot of time. I will simply do either of the following things. Sell short term after minor corrections on 1hr time frame (corrective patterns are shown in the chart for examples of what I mean by that), or wait for a minor bullish impulse, let that consolidate and buy the continuation. So far we have not seen such a thing. Once I see a minor bullish impulse I will update asap so we can all prepare for the bullish continuation and take the analysis from there.
A correction can extend for a very long time and take a lot of time. I will simply do either of the following things. Sell short term after minor corrections on 1hr time frame (corrective patterns are shown in the chart for examples of what I mean by that), or wait for a minor bullish impulse, let that consolidate and buy the continuation. So far we have not seen such a thing. Once I see a minor bullish impulse I will update asap so we can all prepare for the bullish continuation and take the analysis from there.
