Uptrend Resumes - Standard wave 4 correction

9 thg 8

If this is an actual impulse with 5 total waves, then the recent pullback to a 38% retrace of wave(3) to complete wave(4) on the lower end of the channel was nothing unusual.

If price falls out of the channel and under (4) it's very likely the move up from the lows was an ABC move.

Upside of 100k for wave(5)? Stay within the channel and let's see.

9 thg 9

Ghi chú

An extremely good place to reverse and resume the trend