richovercash

richovercash

Possible trend being established. Messy wave 2 action at the moment

richovercash

Which way does this wave want to go? Are we done with the retrace and heading up or are we heading down for a fifth wave? Or will it invalidate. Current Price action is not impulsive, but its also the overnight session so tough to judge. WE'll have to see how the European market handles it.

richovercash

This morning seemed like GC could go either way, deeper retrace with a=c (pink) or begin 5 waves up. Circle 3 extended off of typical fibs, wave circle 5 target is an approximation based on the extension from the bottom of circle 2 to bottom of circle 4. It could also be a complete five wave move and we're in a larger correction. But that's not my primary Larger...

richovercash

Possible Fifth wave up on the Blue count. Alt count is yellow corrective pattern