DislikedGU - that seemed to be a diagonal ending for wave 3 up to 1.5180. Now 4 and then 5 up to 1.5220 - the extreme of the previous 4th wave.Ignored
I did an update on the Blog, being totally honest, yes i was confused and can certainly say, i was expecting another leg down, but it's cost me nothing thus far... I have a very small short position underwater, but this might even be the 'c' wave and hence close to, or indeed even topped...
*Edit*, aha, i realise you've been there and seen it! Yes you could well be right... the only thing that gets me is that for the pullback at 15,120 to reach its 23.6% level, that makes it the overall 4th and not a subwave, so now i'm not too...Ignored
DislikedEJ count update
There are a lot Fib relationships that work well in this chart. The only waves that are not fibbing properly are a and b of the most recent wave (a) down. The devastation of today's downmove - breaking several TLs and monthly pivot all in one go - has the characteristics of a c-wave.
My Fibonacci levels that justify my target of 121.16 for the end of current wave (a) are at the extreme left of the chart written in peach-blossom-pink.