I'm not attempting to pick a bottom here.... but the structure of the decline from the January top suggests to me we could have seen the worst of the selling near term.
Are we completing an A wave here? As bleak as it looks currently that would fit the characteristics of a "c" wave.
I'm looking for the possibility of a buy set-up here for a move close to or just above the March 29 high.
I think you have to keep an open mind as to the possibility of this scenario. Let's see how it trades in the near term.
Are we completing an A wave here? As bleak as it looks currently that would fit the characteristics of a "c" wave.
I'm looking for the possibility of a buy set-up here for a move close to or just above the March 29 high.
I think you have to keep an open mind as to the possibility of this scenario. Let's see how it trades in the near term.
