Following the sharp rise to complete minute b of B, the market sharply and abruptly (as expected) changed course to the downside. This is a c of B thus should develop in 5 waves. As for now I can count only 3 (hourly chart from b) therefore expect resistance on the Fibonacci projections to complete a 4 of c (bullish) followed by a 5 of c (bearish). After this move has completed expect a "rip your face rally" that will ultimately complete the higher degree B wave, possibly between 15500 and the december highs. For more details read the previous analysis (linked below).
Just to recap :
We are currently in a 3rd of c of B of a Cycle A - if that makes any sense )))
Just to recap :
We are currently in a 3rd of c of B of a Cycle A - if that makes any sense )))
