My main bearish count is still valid until $48800. It could still be a B wave fakeout, but the chances have decreased significantly, bacuse of the reasons above.
I am still watching 7 different counts. 3 bearish, 4 immediately bullish.
Chances that the cycle low is 29200 are 70% now.
The market is always right. It is important to have a bias based on probabilities, but you need to be able to change the bias when the market gives you clear hints. You can never have a fixed opinion, because the market always takes the path of maximum pain (for the maximum amount of participants).
Bears are fucked right now.
My main bearish count is still valid until $48800. It could still be a B wave fakeout, but the chances have decreased significantly, bacuse of the reasons above.
I am still watching 7 different counts. 3 bearish, 4 immediately bullish.
Chances that the cycle low is 29200 are 70% now.
The market is always right. It is important to have a bias based on probabilities, but you need to be able to change the bias when the market gives you clear hints. You can never have a fixed opinion, because the market always takes the path of maximum pain (for the maximum amount of participants).
Bears are fucked right now.