Possible Dax-Count - corrective pullback
Dax could reached the impulshigh with an extended wave and an "Ending Diagonal" @8745.
Now we are tracking an corrective move to the levels @8656/46 (100 Fib) or in extension (pullback) @ 8616/13 (161 Fib)
MoB would be the break of the impulstop @ 8745. This woud negotiate this count.
At the moment we are tracking a possible triangle for B and we could see a downmove and an breakout of the triangle in an impulsive C.
Now we are tracking an corrective move to the levels @8656/46 (100 Fib) or in extension (pullback) @ 8616/13 (161 Fib)
MoB would be the break of the impulstop @ 8745. This woud negotiate this count.
At the moment we are tracking a possible triangle for B and we could see a downmove and an breakout of the triangle in an impulsive C.