Watching today. Think we can get a push up to 290’s but thinking it will be choppy. Think price will bounce between 284 and 298. Not bullish until 304 is broken (high of previous wave (b).
Currently in a wave c up. Wave c usually measures 1x to 1.3x length of a. Those two prices happen to be 288 and 304! So even with a push to 304 I’ll remain cautious because despite that being a potential signal to look at a long position, it is also the point where wave c generally terminates and reverses.
No positions in this one as of right now.
Currently in a wave c up. Wave c usually measures 1x to 1.3x length of a. Those two prices happen to be 288 and 304! So even with a push to 304 I’ll remain cautious because despite that being a potential signal to look at a long position, it is also the point where wave c generally terminates and reverses.
No positions in this one as of right now.
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