One possible scenario that is looking more possible each day.
The climb from 3655 looks corrective with overlapping waves.
Thus it fits more of an ABCDE correctiion than 12345 Impulse.
Each leg up was a Impulse, common enough.
Each rise was met by an correction, also normal.
The 2nd rise (B to C) had lowest gain, ruling out Impulse.
Alternative View:
My plotted B to E ‘could’ be a wave 3 in the making.
Thus the plotted A-B could be w1, B-E a w3, with w4 and w5 to come?
In either scenario a downturn right now, or very soon, becomes highly likely.
Published at Sun, 31 Mar 2019 04:57:58 +0000