Bullish continuation: this looks bullish AFDescription:
- 1-2, 1-2 setup, 2nd wave (leading diagonal).
After some research concluded that there are only 2 bullish scenario's, namely 1) straight into 3rd wave or 2) in B wave (ABC). For obvious reasons, a prolonged correction would be ideal. A deeper pullback for a wave C would bring the 1.618fib much higher.