DislikedYes, the only tricky part here is NY session - low volume.. so, I agree.. we are going to see "PIPS in the CITY" season finale..
but on a serious note, If my calculations are correct, the wave pattern from 163 are not yet finished, and IF im right, as a subcount I can see only 3 subwaves from 163 to 149, which leave a space for the last or current wave up from 149 to 152.48 - or whenever stops to be the corrective wave 4.. The last one im expecting again, to test the 146.76 - 146.10, where Im expecting the major bounce happen..
The...Ignored
I see something similar, maybe too ambitious though.
A bounce up through 153.6. This is where a lot of POs and stops are sitting.
so it makes sense to dust the attic, free up some liquidity for the move down, then a reversal somewhere below 148.9, sweep the basement, then we go.
if we make it below 146.7 I'd be surprised, but it would do some serious damage as a reversal point for the move back up, so I wouldn't put it past them.
...rinse, repeat lol
either way, that's a lot of pips.