I am leaning on the side of this still being in Subwave 4 after this flush down at the open and a test of the 0.5 Fib at $15.40 and still staying in the bullish channel.
Structure has not changed and there is no infringement upon the top of Wave 1 either, no news either apart from a hit to the health sector due to $UNH pulling back is all I see.
A hold above $15.42 will be good today and a bullish move will be recapturing the 0.38 Fib again at $16.10.
I am still seeing a corrective pull back, meaning a 3 wave pull back, so count remains solid.
Adam R
2025-05-21 22:14:50 +0000 UTCMark H
2025-05-21 16:11:33 +0000 UTCMark H
2025-05-21 16:09:13 +0000 UTC