SO
Wave 1 didnt rally towards the Inverted Head And Shoulders targeted as expected, however the dip for Wave 2 has begun.
VOLUME IS SOOO LOW, and if Wave Three is gunna be juicy it needs some whales to turn the VOLUMEEE UPPP.
My target for Wave Twos floor sits at $8,180, with a possible bounce occuring anywhere between $8,180 - $8,260.
If this is broken then i will discuss a bearish scenario.
After this in order to keep a bullish sentiment, $8,180 must hold and a large impulse of volume must be seen in that region to push us upwards for a Third Wave.
With a larger picture, i can see us in a large triangle which if we are to impulse with 5 waves correctly, could attempt to breach it!!
Here are my charts, enjoy!
Legal Disclaimer: I am only as good as guesses and fibonacci , i love to share my information however i am not telling anybody to specifically follow in any of the trades or decisions i make. I win , I lose but at the end of the day i use this all as a platform to share my opinions on possible outcomes and trades i will be completing. Happy Trading!