trend...
.... still thinking that we are not in a bear trend until we complete a 5th wave down which takes out the low.....
....if we don't take it out.... then we could be beginning the 3rd wave up of the next 5 waves.....
... we are mirroring the last big correction in that we completed a 3 wave down... then reached overbought condition and pulled back before possibly beginning an extended up move.
....gonna post RSI charts which i think support the up trend view.
....so unless we take out the low....the 3rd wave is always the biggest.
respect.....
.... still thinking that we are not in a bear trend until we complete a 5th wave down which takes out the low.....
....if we don't take it out.... then we could be beginning the 3rd wave up of the next 5 waves.....
... we are mirroring the last big correction in that we completed a 3 wave down... then reached overbought condition and pulled back before possibly beginning an extended up move.
....gonna post RSI charts which i think support the up trend view.
....so unless we take out the low....the 3rd wave is always the biggest.
respect.....
I'm not in a trade but I'd be looking for a couple points under that 1456 since the pattern is clear now and I'd be afraid of other front-running sellers... thats just me though.
