In my previous idea I was suggesting that 2 scenarios are on the table - either we topped out the 3/C, or the correction was leading to another bounce. Those are still valid, despite the fact that we dropped and bounced.
Possible HnS pattern is lining up on the hourly. I the rally tops in this general vicinity, I would keep an eye out for that. Necline is close to 9900-9935 area. If this pattern plays out it would be important to keep an eye out for the 9785 level - that is the 1/A top. If we overlap that it likely means the bounce from lows is over. If not, another rally to complete wave 5 could ensue.
Good luck!
Possible HnS pattern is lining up on the hourly. I the rally tops in this general vicinity, I would keep an eye out for that. Necline is close to 9900-9935 area. If this pattern plays out it would be important to keep an eye out for the 9785 level - that is the 1/A top. If we overlap that it likely means the bounce from lows is over. If not, another rally to complete wave 5 could ensue.
Good luck!
