We have left the stage of LPS and are now looking for signs of strength (SOS), potentially a wave iv (green count), followed by another higher high.
The current wave can also be the (c) of an (a)(b)(c), in blue. If correct, we may see a decline again – despite the fact that price just consolidated for 8 days. However it would make sense in correlation with QQQ . Just as a word of caution.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.