Update of what we have seen over the last 48 hours. Still looking for a push to the downside before finishing the structure. Still trading inside of a 4th wave. As of now, we are on pace with the time analysis shared on October 24th - November 1st/November 2nd having the completion of the 4th wave.
However, we only rejected from the 1.236, so there is potential for continuation deeper into the expanded B pocket to the 1.382 at $14,200 - very nice confluence in this area.
In the event of continuation higher, there will be better confluence with the later dates shared in my previous analysis on October 29th.
In both scenarios, I am looking for a long entry around $13,100 - $13,200. As I shared previously, my bias remains that this will end with a blow off top.
However, we only rejected from the 1.236, so there is potential for continuation deeper into the expanded B pocket to the 1.382 at $14,200 - very nice confluence in this area.
In the event of continuation higher, there will be better confluence with the later dates shared in my previous analysis on October 29th.
In both scenarios, I am looking for a long entry around $13,100 - $13,200. As I shared previously, my bias remains that this will end with a blow off top.
