Here are some indicator thoughts to accompany my last post. Notice the Major bearish RSI divergence in the first and last A Waves, followed by the RSI Low at the end of the Expanded Flat in the first and last B Waves. If the final C wave does actually morph into an ending diagonal, then look for slight bearish RSI divergence to help signal it as it is taking place.
I am just trying to arm you with some signals to characterize this C wave. I think the very simple nearly vertical impulse to end C is a ruse. My gut is really telling me that we will have a bit more complexity (and confusion) before Primary 2 is done.
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2 years ago