Weekly is a corrective uptrend. right now question is whether we are starting then down move for the next impulse down, OR do we have one more move to the top in this Daily structure. I am biased to one more move up to test the top -- so im already in the buy and looking to add (GREEN PROJECTION) - however if we just lag and go sideways over the next week, look for PURPLE PROJECTION and be ready to get break even on the buy and take the sell. Unless major structure change though.. we expect a decent move up before the down side comes. Happy trading!
