4h bounce at Butterfly + WW 5 or AB=CD + WW 5'

Dax has been acting rather harmonic lately and now we've got another Butterfly completed on the 4h, while a beautiful bullish Wolfe Wave is in play. I'm still expecting a much larger correction in the long term, but I think we could see a nice run from around here or the bigger daily AB=CB at the fake out in daily + weekly demand, before bears eventually takes control again.

Take notice of the upsloping lines hidden in the background. They've really been doing a great job lately!

Have a nice weekend :)

Commento:

Another 5 wave impulse to complete the bigger ab=cd?