DislikedThe formation circled on the left is common at the end of a 5 wave down. It's retrace 4 and wave 5 of what I call a 5 wave down. I've seen it many times at the start of a bull channel. I reserve the right to name it. Step 1 of major wave 1/5 of the bull channel is a move up that retraces 68.1% that we are in now. I'm looking for it to fail down though. According to my top secret research 3345 long has to break 3375 to continue bull. Fail to reach or break here would indicate continuation of the downside.
This could just be a sub wave of stage 1...Ignored
if 3380 taken 3430 on its way...
I am waiting for signal to buy
if below 1.3340...very danger to bull again..
Patience, Emotion Control and Discipline.