The proposed triangle scenario for wave X has been invalidated since the most recent pump went above to wave (a) But this does not confirm any bullish count. As a matter of fact an alternative scenario where wave X is likely a flat correction is in play especially when wave C is looking like a diagonal which fits all the criteria for a complex flat correction. I ve looked into the lower counts as well and the recent pump does not suggest an impulse because there are many truncated corrections during the pump.
One last mark up to 44-45k Then we go to 2018 highs at a minimum just like Lumber Futures
One last mark up to 44-45k Then we go to 2018 highs at a minimum just like Lumber Futures
Note
The diagonal is finally morphing
Time to SHORRT BABY LeTS GOOO
Note
SL updated on the orange level
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.