The tape looks almost the same from Friday's close price. Fifth 5 wave seems expanded. There is one more alt. scenario, where the selling pressure might extend that fifth 5 wave, breaking more important support level 5 096, but I think the skinny dipping will be delayed few days(week). Fifths sometimes expand around support/resistance levels , where the battle among bulls & bears is stronger.
See you around the end of wave (2) or (B).
1 comment:
This is a great post thanks for writing it.
Post a Comment