Bulls managed to push NQ over resistance of the downward sloped price channel and doing that they reduced probability of the bearish count but not yet completely invalidated it. Under the bullish scenario shown below bulls can keep pushing NQ higher to at least the previous high made at 15,200 (123.6% ext of wave i up ).
Bulls pushed NQ over the ideal resistance 15,200.
Can we still consider the bearish count as a viable scenario?
I think we can. As long as bears hold NQ under the previously made high (15,172.50) we can consider that a-b-c move up as a corrective wave -b- up to be followed by an impulsive decline in wave -c- down.
But because that move up pushed over the ideal 66.7% retracement fib we can not longer consider the bearish count a reliable short trading setup.
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