The bearish case is about to survive :-)
This latest deep retracement would have caught me by surprise if I had tried to trade it. Fortunately I took a nap and just awoke.
This count will be invalidated with movement above 4313. The deep retracing yellow wave 2 has now already retraced 78,6%. Wave structure hints, that the movement is in the final subwave 5 of its C-wave.
But take a look:
This latest deep retracement would have caught me by surprise if I had tried to trade it. Fortunately I took a nap and just awoke.
This count will be invalidated with movement above 4313. The deep retracing yellow wave 2 has now already retraced 78,6%. Wave structure hints, that the movement is in the final subwave 5 of its C-wave.
But take a look: