Price action seems to be following the EW count as proposed. We got a drop yesterday and now what looks like a retest of the diagonal formation, I have counted as 'B'.
My-wave is still stoically formed to the upside and resisting these downside forays thus far. I am keeping my 'A-B, 1-5' count as corrective until such time as the wave turns down. This would require a persistent drop which has not occurred yet. Like the rest of the market I am sure, I keep banking the spikes down and reloading when the momentum indicator goes overbought but this will only work until it does not.
No comments:
Post a Comment