I think we might be on the brink of completing the C correction. (Inside a 4 compulsion) We would then plunge downward to complete the 5th compulsion.
Comments
Frozenlock
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Well, that was bad.
RyNinDaCleM
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EW varies from analyst to analyst, but your impulse waves are the pretty much the same as on my chart! IV of the major C likely complete. Time for an extended 5th :P
Frozenlock
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Bear mode! :-p
myselfbtc
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imo better view
Frozenlock
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Thanks.
Would you agree with the other waves as well?
myselfbtc
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you need to use channel toe guess wave so the points are 0and 2 and then wave 1 to guess wave 3
myselfbtc
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then you use 1+3 and 2 to guess 4
myselfbtc
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2+4 and 3 to guess wave 5 if the channel is broken in a violent way it can bounce back quite fast
myselfbtc
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this can be the only problem seams wave 4 stops exactly on wave 2 a gap is preferred to have a clean count