This is could only be the Eye of the Storm
Although the seas have begun to settle, the Clouds have yet to clear. The price structure leaves us convinced that the rally remains counter trend despite the turn in price momentum. Only if prices progress through the Upper Parallel of the Schiff Modified Pitchfork and the Kijun Plot at 44,575 would our opinion begin to change. Until then this could only be the eye of the storm with a fifth wave to follow.
The Market's Compass
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Text source: The Market's Compass Technical View
