As I have been writing about the equal chance of BLUE and BLACK pathways to reconcile lower, this mornings things got a little clearer. This prolonged consolidation higher off of the 3860 low leaves the blue count as most probable. Therefore I have removed the black count from the chart, as it called for immediate continuation of the downtrend. That clearly did not happen.
The Blue count puts us in a consolidation area for most if not all this week before we complete blue wave 4.
Best to All,
Chris
The Blue count puts us in a consolidation area for most if not all this week before we complete blue wave 4.
Best to All,
Chris
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.