Well, That Worked, Now What?

This is some guesswork.

We gapped under the trend line, which is ideal. If we stay under it, we may consolidate, then move lower again, forming a 3-wave leg as the Green “1” of a diagonal. I would like to see us go and revisit the orange trend line, and something like this could get us there. (This is a different type of impulse wave than the one hypothesized last night, which will be difficult to do unless we attempt to fill at least part of this gap—that is still a possibility, too).


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.

One thought on “Well, That Worked, Now What?”

Leave a Reply

Your email address will not be published. Required fields are marked *