It appears the 3 wave ( A-B-C ) pattern is complete, a minor (iv) wave pattern is complete to complete a higher degree wave 1,
I'm thinking a pullback to the .382 or .236 Fib ($9400-ish) of minor wave (i) should take place as wave 2 develops, from there we should see a nice impulse wave 3 toward the Fib 2.618 or 3 (around $11,400-$11,800)
What If I'm wrong in the count...maybe we'll see another 3 wave corrective pattern.
I'm thinking a pullback to the .382 or .236 Fib ($9400-ish) of minor wave (i) should take place as wave 2 develops, from there we should see a nice impulse wave 3 toward the Fib 2.618 or 3 (around $11,400-$11,800)
What If I'm wrong in the count...maybe we'll see another 3 wave corrective pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.