I'm experimenting with sine lines and wave counts.
We are in the 5th wave by my count.
I would not short or long right now until we have a clear structure.
Volume profile for current run (starting from March low) shows most volume around ~9k - ~9.8k.
That is around the 2.618 fib level from first March impulse and between 0.618 0.5 levels for a top of ~13.9k
Good news comes at resistance bad news comes at support.
We are in the 5th wave by my count.
I would not short or long right now until we have a clear structure.
Volume profile for current run (starting from March low) shows most volume around ~9k - ~9.8k.
That is around the 2.618 fib level from first March impulse and between 0.618 0.5 levels for a top of ~13.9k
Good news comes at resistance bad news comes at support.
