In my opinion, we are almost finished the B wave down before the C wave up to complete the B structure of the ABC retracement.
As mention previously, two possible short term long targets are the .786 and 1:1 extension regions before the next 5 waves down to complete the C wave down.
@johnle0394, sure cant haha. i haven't dived into it.. just running by fibs right now. Like I said.. I agree we are on some sort of B run right now.. C run up yet to come to finish the larger degree B, then we will have 5 more down.
johnle0394
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@mayernetworks, In theory, you are correct. This could be a possible count as shown below. I still strongly feel that he b wave down is complete and we will be making that C wave up shortly.
mayernetworks
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@johnle0394, I think you need some EW training bud. Your A wave is an ABC. The A wave is an impulse.. (5 waves) not an ABC. furthermore, you have simply skipped half of the wave set and not put a count in.
johnle0394
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@mayernetworks, The B wave can have a 3-3-5 ABC count. Please do a little digging before commenting :).
mayernetworks
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@johnle0394, If it were 335, it wouldn't be labeled as an ABC. Think again.
johnle0394
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@mayernetworks, Again, please do your research. Have a nice day.
mayernetworks
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@johnle0394, Liek I said, you have it labeled wrong. Don't be dick when clearly you don't understand the rules.