We broke down the previous count, invalidating the expected 5th wave start. The ABC pattern is still in play though!
When shifting the trends around it looks like we have a bit more on the downside before the bulls can come back. With this count, I would expect a bottom formation between 1575 (fib 61.8) and 1600 (1592 at c=a). Note that the possibility for a flat c might make us turn quickly.
I do expect the Stocastic Slow to dip down under 20 on a weekly basis before a proper turn around.
Staying short for now but with tighter stop loss and shorter (in time) trades.
When shifting the trends around it looks like we have a bit more on the downside before the bulls can come back. With this count, I would expect a bottom formation between 1575 (fib 61.8) and 1600 (1592 at c=a). Note that the possibility for a flat c might make us turn quickly.
I do expect the Stocastic Slow to dip down under 20 on a weekly basis before a proper turn around.
Staying short for now but with tighter stop loss and shorter (in time) trades.