Short term bullish = short term bearish = long term bullishAxon Enterprise IncNASDAQ:AXONBlueLineTradingLLCWith the bearish monthly divergence between the early and late months of 2025, it is hard to argue that a larger impulse wave structure did not end in August of 2025. That said, a large correction followed, and the first thought that comes to mind is whether that correction is over or if more downside is coming. After looking at the following, I would lean towards a B wave Bounce, followed by new lows, to complete the C wave: - At the current low of the correction, monthly volume does not indicate that retail buyers are stepping in, nor does it indicate that institutional money is stepping in to defend the left side of the chart. Further support is confirmed when looking at the left side of the chart, via the volume profile, which shows there is not much for institutions to defend, and if there is nothing to defend, there is nothing to see value in. Chart position is everything when it comes to forecasting corrections. - Monthly RSI and other like indicators confirm the impulse structure on the left side of the chart, but they do not yet indicate that the current correction has reset the chart from the large impulse structure it is correcting. Guidelines and history tell us that a new, fresh low in oversold territory is a strong indication of healthy corrections. - With the large size of the left side impulse structure, and the larger corrective waves that followed, we would expect to see a more significant B wave, that what we have seen since the correction began. That said, it is likely the B wave has not occurred, and I would expect that B wave to be large, because capitulating to the C wave target around $200.00, which is supported by volume profile and elliot wave fibonacci guidelines, will require a lot of liquidity, which is why the B wave target should be expected to reach the the value area of the volume profile, which also lines up with the 50% retracement of what we are labeling wave A down. We do have a nice lower monthly wick, suggesting that the B wave rally may be getting underway, and the non-impressive volume further supports that it is more likely a B wave bounce. Therefore, as the title states, a shorter-term bullish bounce will lead to a lower monthly high, resulting in shorter-term bearish capitulation and the beginning of a new longer-term bullish structure.