Setup: Broadening Top (Weekly Chart)
Status: The current down-leg appears to be starting Wave 4 upwards, which should see the DT line tested this coming week.
Indicators: Stochastic bullish cross + Reversal candlestick as entry signal. Stochastics still dropping and converging, --> The short-term down trend isn't over, which confirms the current bounce is just a short-term pullback (probably Wave 4)
Status: The current down-leg appears to be starting Wave 4 upwards, which should see the DT line tested this coming week.
Indicators: Stochastic bullish cross + Reversal candlestick as entry signal. Stochastics still dropping and converging, --> The short-term down trend isn't over, which confirms the current bounce is just a short-term pullback (probably Wave 4)