click on chart to enlarge
So far, we had a failed inverse HnS pattern (green colour) and this should normally take the market to the opposite direction (remember the failed HnS pattern failure of summer 2009?).
The bullish count until 03/11 is labelled with the black ABCDE, whereas the bearish count is labelled as the blue 1-2-3.
TMN for the time being remains with the bearish count.