The red rectangle area marks the 38% of potential wave (3). A positive reversal and / or the penetration of the SMA 14 by the RSI would help to call wave (4) in place. Sarah
Prices are reaching the 38% area of potential wave ((iii)). Critical resistance for this count would be 2160. But since there are more counts possible I would suggest to look for a negative reversal to clarify the counts. Sarah
Prices found resistance at the 62% area and the area of the four of one lesser degree and the MA 200. To call the top of wave (ii) in place with confidence, the middle line of the corrective channel, the …
Prices did find support at the horizontal line. And we are able to observe a divergence in RSI confirming a bottom in place. But if this is for a wave ((iii)) or a wave (i) or even an A for …
It is possible to count five waves up already for wave (3). RSI 14 looks like crossing the SMA 14 from above. Sarah
With prices printing above the base channel we are able to label wave (3) in progress. Counting the internals it looks like wave 5 of (3) currently developing. Sarah
We got a new low, therefore I moved potential black ((iii)) and red (i) further down. Prices managed to break the resistance line from the cloud. Let’s see if this line offers support. If not, the possibility of black ((iii)) …
Today I am showing a bigger picture. From this count we are looking for a wave (ii) to end. The blue rectangle area marks the 50 to 62% of wave (i) with prices printing around the 62% and also around …
Looking at the P&F chart, the magnet area I had shown before, got touched again. Sarah
The lowest turquoise line from the cloud offered resistance so far. Therefore I added the orange count labeling the attempt to break resistance as a potential wave (ii) of potential black ((iii)). Sarah