this is my primary count - reference my previous post a few weeks back (
)
as i saw a possible Head and Shoulders formation..if this is still valid - which yesterday+today's market action is in congruence with this possible trend then we can expect higher highs in the very near future...around the 4.60-5.02 range
however, also could still be in an ABC correction and having just reached the completion of the "B" position....and of course following the "B" position will be a final "C" correction lower than the previous low at around $2.12. (somewhere between $1.90 - 2.06)
a secondary post to follow this with my secondary count.
as i saw a possible Head and Shoulders formation..if this is still valid - which yesterday+today's market action is in congruence with this possible trend then we can expect higher highs in the very near future...around the 4.60-5.02 range
however, also could still be in an ABC correction and having just reached the completion of the "B" position....and of course following the "B" position will be a final "C" correction lower than the previous low at around $2.12. (somewhere between $1.90 - 2.06)
a secondary post to follow this with my secondary count.