I think we hit a significant high @ 9187$. The counts are now battling if it is red wave B or orange wave 1.
We will now see either a strong red wave C down or a corrective pattern down.
Good news is that we will know which one it is before the pattern is complete, so we can act accordingly before the action starts.
Wave C MUST consist of 5 waves down (impulse or ending diagonal). If we don't see 5 waves down, then it cannot be wave c. It is that simple...
This is how I predicted the bearish count:
This is how I predicted the bullish count:
Other counts that are immediately bullish (nested 1, 2 1, 2 1, 2 for example) are possible, but unlikely at this point:
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Have a nice day :-)
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