Wave (2) ABC of the first impulse wave after correction
I'm so glad an uptrend has started and so far waves are obvious. I had to make this post on a higher time scale so it would publish, but on lower time scales waves are following trend lines beautifully. I expect wave (2) of the first impulse upward to retrace modestly as the bullish momentum is pretty strong. Waves following the first primary (wave 1-5) should settle into more neutral patterns until the market reaches 15K+. From there I expect a rush of "new money" hitting the market to create parabolic trends to new highs. Or maybe I'm wrong and this is just a brief up trend to a new low for 2018. Stop limits are a must!
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