Red and green a separate counts (Green = Bull || Red = Bear)
We could be in a (4) right now for another push higher before down (Green).
Or we could be beginning a nasty path downward.
Both look viable to my at the moment. Typically looking for a ~38.2% retrace on a w4, but this looks like it may end deeper. Obv possible, but lends skepticism, at least imo.
Basically just some more brainstorming while we wait this bore out.
We could be in a (4) right now for another push higher before down (Green).
Or we could be beginning a nasty path downward.
Both look viable to my at the moment. Typically looking for a ~38.2% retrace on a w4, but this looks like it may end deeper. Obv possible, but lends skepticism, at least imo.
Basically just some more brainstorming while we wait this bore out.
Kommentera:
TBD if total decimation of one more leg up.
