the first upward wave of minute degree seems to be over, but it is not yet clear whether it is a corrective type [a]-[b]-[c] , labeled a/w (preferred count) or an impulsive type [1]-[2]-[3]-[4]-[5] , labeled Alt:1 (alternate count).
The market should now be in the middle of a corrective move (1st target @ 1390, 2nd target @ 1377), after which I'm waiting for a new bullish wave.
Have a great trading day...with care!!!
ElwaveSurfer
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.