1. Falling Wedge from 8/16 could give us as much as 1870 TP, but i expect to get stopped about 1780 on this one from the main TL.
2. on the H1, we have a possible C&H developing. It's incomplete so keep an eye on it.
3. Overall H4/D1 of the 2 wedges combined looks like a complex H&S thsat could take us back to around 1315.
4. Maintaining above 1276 would keep our overall Elliot Wave high from 7/7 bullish. If we drop below this level, we are looking at the bear flag continuation possibility of as low as 400.
I think we are bullish overall until we have a D1 close below 1276.
2. on the H1, we have a possible C&H developing. It's incomplete so keep an eye on it.
3. Overall H4/D1 of the 2 wedges combined looks like a complex H&S thsat could take us back to around 1315.
4. Maintaining above 1276 would keep our overall Elliot Wave high from 7/7 bullish. If we drop below this level, we are looking at the bear flag continuation possibility of as low as 400.
I think we are bullish overall until we have a D1 close below 1276.