When the waves don't fit your analysis go back and look at the correction properly.
Wave 4 of this Wave C is not over yet. Wave D is a drawn out part of the correction and no doubt this will fool many. (No its not an ending diagonal.)
I said in the previous idea that getting in too early is risky but now it's become clear what we can expect next.
The rule of alternation is in play here where Wave 2 was a sharp and quick correction and Wave 4 is drawn out and choppy.
We absolutely need to see an E Wave down after this current wave is over.
Then we need to see the top or start of E Wave broken to confirm Wave 5 is in progress.
Finally we need to see the start of the 5th Wave broken before we can say this C wave is complete.
I will put out updated charts When the E Wave completes and when Wave 5 completes.
Be patient and wait for these waves to play out properly.
Please LIKE and FOLLOW to get notification of updates and future posts.
Wave 4 of this Wave C is not over yet. Wave D is a drawn out part of the correction and no doubt this will fool many. (No its not an ending diagonal.)
I said in the previous idea that getting in too early is risky but now it's become clear what we can expect next.
The rule of alternation is in play here where Wave 2 was a sharp and quick correction and Wave 4 is drawn out and choppy.
We absolutely need to see an E Wave down after this current wave is over.
Then we need to see the top or start of E Wave broken to confirm Wave 5 is in progress.
Finally we need to see the start of the 5th Wave broken before we can say this C wave is complete.
I will put out updated charts When the E Wave completes and when Wave 5 completes.
Be patient and wait for these waves to play out properly.
Please LIKE and FOLLOW to get notification of updates and future posts.
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