As charted in today's YouTube video, full details on how I arrived to the counts there.
The next immediate move is not completely clear to me, but on a larger scale I'm looking for a short followed by a strong long. We had a move up in December that was clearly impulsive. It seems to me that everything since that time has been corrective in nature. Depicted here is a 1:1 wave C when compared to A, but I would actually expect the C to be significantly stronger than the A wave.
There are definitely other potential counts to this move. At this time, this is my primary for several reasons. I recommend that you be fluid with the market!
The next immediate move is not completely clear to me, but on a larger scale I'm looking for a short followed by a strong long. We had a move up in December that was clearly impulsive. It seems to me that everything since that time has been corrective in nature. Depicted here is a 1:1 wave C when compared to A, but I would actually expect the C to be significantly stronger than the A wave.
There are definitely other potential counts to this move. At this time, this is my primary for several reasons. I recommend that you be fluid with the market!