@abel11, thank you sir, really think this is the bull channel all the bugs been waiting for.
Stuxnetworm
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isn't that a double zigzag?
draw 0-2 channel
I don't think thats an impuls
UnknownUnicorn5511258
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@Stuxnetworm, yes, the move in its entirety is certainly upwards corrective in nature. The way I have it setup is that the ideal-looking timeframe is best expressed on the :5 count (one of the two zig zags that you pointed out).
So, I guess this is sort of a semantic point, depending on how scaled in/out you have the chart setup. On the other hand, if you are arguing that instead of a larger timeframe "III", it should read "A" or "C", that won't be clear until the price action settles in the coming months.
Its definitely possible, although the symmetrical fractal (symmetrical within itself in this case) is the only soft-ish evidence that sways my opinion. Good point though.
wju0328
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What vehicles do you like in the market to capitalize on the move north?