This count suggests that a 4th wave correction has finished or is approaching it's end and the uptrend may be about to resume in the form of a 5th wave. Of course, I will keep in mind that 4th wave corrections can be notoriously sneaky and morph into much more complex corrections but at the moment I am watching this bullish count.
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This indices really needs to show some impulsive upside price action soon or I will begin to suspect that this could be an X wave rally to be followed by a deeper correction.
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Price bouncing on my mid line and 38.2 fib retracement. Enough to end the correction? I doubt it but who knows?
