With the nice price movements, I’ve now revised my count somewhat. I’ve been warned that gaps usually close, (yes I knew that…). Anyway, here’s the new count on the 1 hour.
1H Chart
I am still counting the gap up as a beginning of the wave C for this retracement. Although prices are dangerously close to invalidating my wave counts. So if the low of my wave B is taken out, it may be time to review the whole count again.
Alternatively, the whole thing could be unfolding as some sort of diagonal triangle right now.
