This is my outlook following the events today. I'll be glad to see the back of this correction! Looking like it might be a double zig-zag.
Looks like the first sub-wave of the 3rd wave up we are now on has been completed looking at the M15 chart. The correction of this wave hasn't gone much below 23.6% yet and is now heading back up. So either that was it, it's just the A and B waves with the main C wave down still to follow or we are currently on an ending diagonal of the first sub-wave and the correction is still to follow...
That's the beauty of Elliot Wave theory you can pretty much come up with any scenario you choose!
Looks like the first sub-wave of the 3rd wave up we are now on has been completed looking at the M15 chart. The correction of this wave hasn't gone much below 23.6% yet and is now heading back up. So either that was it, it's just the A and B waves with the main C wave down still to follow or we are currently on an ending diagonal of the first sub-wave and the correction is still to follow...
That's the beauty of Elliot Wave theory you can pretty much come up with any scenario you choose!