shocker wednesday, page-11

JD

I did notice.

The rally respected the 50% rally mark, also the down trend line and RSI reaching 50.

The wave was also a zigzag ABC as a an alternation to the pattern of wave 2 and did not overlap wave 1. All good and normal behaviour.

A very common and the most bullish scenario I can see is a possible higher double bottom, so SPI 5425ish or equivalent is worth watching.

With 3 touch points on the downtrend line, any breakout of that ahead must be taken.