I just reviewed my weekly long term chart and completely missed the gray channel. I relabeled the chart and believe an expanded flat was completed for wave 4 of (3).
So it is very possible that we do not see a meaningful pullback or a flat as I had been expecting on the 60 min chart below. This may just run up to a new ATH and tag the upper end of the gray channel , which is at approx 2040 on the weekly chart.
Of course what I would like is for this leg to complete here at 2020 to complete wave 1 of 5 of (3) followed by a wave 2 pullback. We'll see if that happens.
 |
| 5 Min |
 |
| 60 Min |
 |
| Weekly |
