Good bounce, even if in light volume, with structure that could also be impulsive and therefore prevent the alternative scenario (which includes the top of the Cycle); however, this hypothesis would be (for now) dismissed only to the break-up of the level of 1580.
Preferred scenario: wave [2] of c has ended, we are in wave 1 of [3] .
Preferred scenario: wave [2] of c has ended, we are in wave 1 of [3] .
The optimal situation would be the construction of an ending diagonal that would be a signs of reversal (but in the markets, between what we want and what really happens , there is very often a great difference ...).
The markets could be close to a Top so be always on your guard!
Have a great trading day ... with care!
ElwaveSurfer
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