And Some Bullish Structural Potential Is Also Available to Us

Despite my reservations (here), we do have inverses.

For instance, Bitcoin:

BTC

And of course the US indices (for instance, the S&P below, but the Naz is the same):

ES


Inverses have not yet been working, but I know at the bottom, inverses are probable, and those ones will work and they will be magnificent. Are these the ones? I’m not sure. I would prefer to see impulse waves coming out of the “head” and forming the “right shoulder,” and in both of these cases, they don’t look great.

For instance, it is difficult for me to count this as an impulse wave on Bitcoin. It should have a big extension somewhere, and it’s all an overlapping slop. It looks more like a 3-wave A-B-C with some kind of triangle in the middle of it:

BTC


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