I had 1925-30 pencilled in for a possible retrace.. then bounce ... do you think if it goes thru 1975 it is on downwards trajectory?
I think the levels you identified are more important. Sorry, my chart is more about wave structure than exact levels... meaning that I think a wave 2 pullback is due. If the 1925 area is tested and doesn't hold it's probably going to re-test the Feb lows.
agree, tks... I think this correction could be a large ABC building up to explosive move up... but if not, we at least go back to the bottom of the channel
Yep, that's possible, I think one of the top three counts. If (if) we see a decline toward the Feb low, I will keep an open mind, and keep a very close watch on price and momentum and volume, and trade/call what I see.