My last post suggested that Wave Three only had a tiny extension and had now come to an end, and that our Wave Four downwards was now beginning.
After a full day at work i come home to see that the wave had broken over its higher high (stated to look out for in last post) and had become extremely bullish. The target I had down if we were to break above and become bullish was around $10,800 - $11,000. For now i would like to extend this target to somewhere between $10,800 - $11,200.
If we are to add this extended wave in now we are again able to see a clear goal of $10,800 - $11,200, before our move downwards into our Fourth Wave.
Obviously since this wave has pushed more than expected it has pushed my larger predictions into different places also, here is an update for what i believe will occur over the next few days .
WAVE THREE TOP : $10,800 - $11,200
WAVE FOUR BOTTOM : $9200 - $9800 (will adjust this as time goes on)
If these waves are to play out clearly, we can see in the much larger picture a JUICY MOFO of an Inverted Head and Shoulders. This means our Wave Four must create our right shoulder before we explode into the Juicy Gainz Section of life.
This is however my bullish scenario, there is still a bearish scenario on the table which i will discuss in another post shortly if i get other work out of the way.
Lets see how we go!
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!