Description
⋅ ok, just to be sure, i went over it and counted the waves again looking for the typical retracements and ratios between waves....
wave 2 retraces 50% of wave 1 (typically 50-61.8%)
wave 3 extends by 261.8% of wave 1 (that is again typical for an extended three wave)
wave 4 (in progress) retracing 38-50% of wave 3 (at the e wave) (also typical retracement levels for wave fours 38-50%)
i just can't see it any other way! i still see red five coming once this triangle completes
Also, what would it take for you to change your mind and start thinking the trend has reversed (i.e. red 3 was "the" top)