Zooming in one degree from the intermediate count noted earlier, I can also see good balance within this last structure (the pink 5) as well:
So, a good spot. I hope it reverses, because I have little evidence to support a bearish conviction. If I did, trust me, I’d be all over riding this puppy down, lol. But truly, I like to have enough in hand to justify a trade, and I don’t have enough here for me to expect lower.
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.