That would be just right. What I'm actually expecting to see is an initial break below that big 4 hour bottom trend line. The first break is never the real move. It always results in a retrace. That would be the Wave 2 bounce in the bigger scheme of things.
Then it disintegrates and moves into the larger downtrend.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.