Although the nasty weather began to clear over the weekend we still believe odds favor that this a drawn out 4th wave that again was capped at 38.2% retrace of wave 3 (P2-P3) and the Median Line of the revised Standard Pitchfork (yellow circle). Rally from the lows still looks counter trend to me.
The Market's Compass
Read more: https://themarketscompass.substack.com/p/only-a-break-in-the-nasty-weather
Text source: The Market's Compass Technical View
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