
Fooled but notified. I mention in last blog to watch the line. So it went a little lower then I thought it should but hitting the trend line (red handle) in lower red square box got me to change position. The market five point zig-zag was notification something was not right for my opinion.
I took myself out of the market and went about my day. Tonight things look different.
I am looking at the lower support line to go long using the bar method at 1349 area.
It needs to break the new trend line on top to verify it. Initial target is .618 or about the new line @1362.75. Will let the pattern unfold to see. This should be an B wave with the AB forming now.