My old white count, while technically still valid, looks highly unlikely. I'm swapping to this yellow count where price is a few cents from the 61.8% retrace level at 16.11. I'm counting wave B of (2) as a triangle where the e-wave came up short of the DTL, as shown. There are other interpretations, such as a W-X-Y where this decline is the (c)-wave of Y of (2). Anyway, waiting for an initial indication this correction is complete to project higher targets.
Note: Positive MACD divergence presently holding here and on smaller timescales.
I'll elaborate more when an indication of a turn is reasonably clear.
Note: Positive MACD divergence presently holding here and on smaller timescales.
I'll elaborate more when an indication of a turn is reasonably clear.
