The triangle isn't off the table yet, though I redrew it slightly, to try to better align (what is essentially a guess) with the ever-changing variables:
Nothing else to add beyond that, really -- though bears should be modestly cautious for now, because in the event the first leg up was a W and the decline since was X, then the market would be forming a larger WXY and a trip back to that all-time high from here isn't impossible. That would fit in the sense of explaining why this decline doesn't feel like a proper C wave, so worth keeping in mind. Trade safe.
No comments:
Post a Comment