Black is the primary at the moment. Five waves down off the 7/23 high with an abc bounce up to 62% retracment. If this is correct, I'd like to see some selling at the get go tomorrow or at least not too much higher.
Note the purple h/s played out and now the orange one poses a threat.
The blue option has the move off the 7/23 high as a double zigzag which completed today. The bulls stepped in an set up a potential nested 1-2 i-ii up. This option calls for a gap and go up tomorrow.
The red option is a little more bearish.
Hopefully everyone knows where all the invalidation levels are for each color option.
5 Min |
60 Min |