Update to previous idea >
I theorized that wave C of 4 would extend to $64-$65 levels but it did not make it that far and appears to have bounced from the channel bottom after completing a clear 5 wave structure down for the end of C wave and now a very bullish 5 wave structure up has started for what could be a wave 1 >
I theorized that wave C of 4 would extend to $64-$65 levels but it did not make it that far and appears to have bounced from the channel bottom after completing a clear 5 wave structure down for the end of C wave and now a very bullish 5 wave structure up has started for what could be a wave 1 >
Commento:
Alternate theory on the 5 waves, if done already
Commento:
Appears to be in C wave now
Commento:
Bounced at an important level, .382 of wave 3 >
Above 6915 may lead to new highs for wave 5
Commento:
Another possible scenario
Commento:
Possibly WXYXZ, very choppy invst.ly/86c34
Commento:
Got a nice bounce at the 1.618 extension and a few pips from the .618 correction area, see if continues up from here