Earlier in the week I mentioned that a shorting op was coming up after the five wave move down completed. Is that time here yet? Of is a larger right shoulder needed first? Will the bears defend the 20 day or will the bulls retake it?
What I do know is that the market is still range bound since 8/21.
 |
| 12:13 PM - 5 Min |
[10:46 AM] - So far five waves up. The alternate being that wave {b completed since I think wave [iv may be a lil too disproportionate. We'll see.
 |
| 10:46 AM - 1 min |
[9:17 AM] - Four waves up.
 |
| 9"17 AM - 1 Min |
[9:03 AM] - A 1 min view. Looks like five waves up but is it a wave {c or {a?
 |
| 9:03 AM - 1 min |
[8:37 AM] - There's the bounce.
 |
| 8:37 AM - 5 Min |
[8:01 AM] - We'll see if the bulls step in here. A good place to bounce here.
 |
| 5 Min |
 |
| 60 Min |
