This is a sketch of the current scenario I am entertaining. It implies more upside and I am conflicted with my bearish view.
Looks like that current move to the upside is an impulsive 3rd wave up from the initial bounce of the bottom on June 17th. Not a correction of the move down to me anymore.
This is inferred from the 161.8%+ move up and it implies that the upcoming move down (4th wave) could only be shallow and followed by more upside.
TBF
Looks like that current move to the upside is an impulsive 3rd wave up from the initial bounce of the bottom on June 17th. Not a correction of the move down to me anymore.
This is inferred from the 161.8%+ move up and it implies that the upcoming move down (4th wave) could only be shallow and followed by more upside.
TBF