Okay so got the big sell off. Now we got 2 possibilities, either we are putting in the A or the C. Personally i think it looks better with that we are putting in the C. it fits better overall with the rest of the chart. Though it could only be the A wave. I will be going long between the 50% and the golden target. I think we got enough confluence to take trade....
The triangle was a maybe a flat correction instead. We got good confluence both at the 50% and the 61.8%. To support our case that this is a 4th wave, i would like us to bounce of the 50%, or else this will be less likely to be a 4th wave. I see us either in an over all flat corrective pattern. Correcting our free fall from the 6k region. A 4th wave usually...
We might run up 5+++% before falling. Ending or leading diag in the making?