Hmmmm, dilemma...
Wave 4 seems to have overlapped with wave 1 and therefore we need to look at an alternate count.
Prechter tells us that wave 4 in high volatile markets can sometimes overlap, but it is rare and then only in subminuette waves, which is not the case here.
So, relabel. Also, the MACD indicates that there is more room upwards. Sidelined for now as it seems we are in a small correction for now.
Wave 4 seems to have overlapped with wave 1 and therefore we need to look at an alternate count.
Prechter tells us that wave 4 in high volatile markets can sometimes overlap, but it is rare and then only in subminuette waves, which is not the case here.
So, relabel. Also, the MACD indicates that there is more room upwards. Sidelined for now as it seems we are in a small correction for now.
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