It’s sideways in the sense that it’s future prices were stuck between wave C’s lows and wave 1’s highs. But it’s really been more of a 3-wave downtrend in wave 2 more so than a sideways range of wave 2.
A powerful 5-wave up move should unfold in wave 3. But it wouldn’t surprise me if we get some pullback first. It doesn’t have to happen. But wouldn’t surprise me.
- This reply was modified 1 month, 2 weeks ago by Sean Hyman.