In my last analysis, I discussed a hypothesis regarding the strange EW and its skewed nature. It looks as though this is the turning point where we see if I was right or not.
If the lagging span sustains a bullish position and the TK Cross comes into a bullish position (the cloud always follows last between the two in a clear, trend-like movement such as this one), this would prove that my hypothesis of the termination of the C wave has come true. This means that we should move on to the next step by preparing to determine our next point of entry.
The moment of truth will most likely occur during the next 24 hours, so we best be on our toes.
Happy Trading!
- LB
If the lagging span sustains a bullish position and the TK Cross comes into a bullish position (the cloud always follows last between the two in a clear, trend-like movement such as this one), this would prove that my hypothesis of the termination of the C wave has come true. This means that we should move on to the next step by preparing to determine our next point of entry.
The moment of truth will most likely occur during the next 24 hours, so we best be on our toes.
Happy Trading!
- LB
