What's your thoughts on KNB now? Just trying to get a feel for where it's at. If we had a 3-3-5 Expanded flat correction then we should be looking to reverse pretty soon. Using the trend channels if we close above the channel shown then the probabilities are that we have entered a new set of impulse waves.
The alternate count is (5) is actually a (3) and the channel shown is a 4th wave.
Either way, a breakout from the channel will determine the direction of the next trend. Bullish divergence on the 30m chart, so potentially up from here.
