For this being Minor wave 3, the waves to the down side may look impulsive, but they certainly don't feel impulsive. We seem to be getting a reversal on every down move. Despite getting that wave [5] low below 1044 I was looking for, I am still not satisfied by this wave iii. It didn't really feel like a wave iii.
The count suggests that we are near the completion of wave iv, if it has not already completed. 1064 is the line in the sand. If we break above, this count is wrong.
Now, wave v should really take us much lower. Below 1010 would be the ideal target. Wave v could be strong due to the weakness in wave iii. But we will have to see how it unfolds from the start.
1064 and 1039 are the key pivots for tomorrow.
The 100d MA has also crossed below the 200, and the 20 is soon to cross below the 50.
0 comments:
Post a Comment