Hi traders,
Overview: lets review our expectation that I published on my June 25th update: "I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher," and you only need to hit the play button on that update to see how it matched the actual price action.
Today's Update: I see wave b of III developed as a triangle, with its waves A, B, C, and D completed. What follows is a push lower as E of b of III to the 3895 support zone (it can also fall short of that target), then we will see a bullish rally to complete wave III of a of X.
Potential Targets for Wave III top: (~4015)
1. Fib ratio for wave III: 4004.5, 4012.5.
2. Fib ratio for c of III: 4017.25 and 4024.25.
3. As always, when we have subwaves of c of III developed, we can come up with more accurate targets.
Tip for Next Trading Session: I would say wait for your setup and look for bullish daytrades based on the count.
Important Note: if you need a view of the macro count on a daily chart, please refer to my June 24th update.
Overview: lets review our expectation that I published on my June 25th update: "I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher," and you only need to hit the play button on that update to see how it matched the actual price action.
Today's Update: I see wave b of III developed as a triangle, with its waves A, B, C, and D completed. What follows is a push lower as E of b of III to the 3895 support zone (it can also fall short of that target), then we will see a bullish rally to complete wave III of a of X.
Potential Targets for Wave III top: (~4015)
1. Fib ratio for wave III: 4004.5, 4012.5.
2. Fib ratio for c of III: 4017.25 and 4024.25.
3. As always, when we have subwaves of c of III developed, we can come up with more accurate targets.
Tip for Next Trading Session: I would say wait for your setup and look for bullish daytrades based on the count.
Important Note: if you need a view of the macro count on a daily chart, please refer to my June 24th update.
