thenry

thenry

Looks like a Triangle is forming, could possibly be a "B" wave followed by the "C" wave which would end the correction. Bullish after that.

thenry

Looking for a choppy, relatively long (timewise) move down. The 1310.00 area. Slight divergence on RSI

thenry

It looks like the last move up was maybe a fake ("X" wave) Looking for a small move up to end the "b" wave. Then a strong "C" wave down to complete wave "2" .

thenry

If this is a First wave complete, Wave 2 could become an Expanded flat. 10 to 13 days in duration and be a fairly shallow retracement.

thenry Updated 

Looks like the Correction is over.

thenry Updated 

If the same as first leg down, could have a triangle at end of correction