Here is what I call the half bear count. Full bear count is that wave IV bottom isn't in and we could go sub 210, but I just dont see that. This I think is more plausible. We are still looking for minute wave 2 bottom, and we are in a running flat (wave b can be as high as 123.6% of wave A). Now our wave C bottom (which is wave 2 bottom) will be between 61.8 - 100% of A (somewhere between 217 - 221). Note: invalidation for this count would be the 100 extension at that 217. If we break that this count is not valid
Note: IWM is one of the hardest out there to count right now. Sideways is terrible and it has been for a year. When this thing does breakout - whether it is up or down - it is going to be a huge move. Bigger the base - bigger the move
Note: IWM is one of the hardest out there to count right now. Sideways is terrible and it has been for a year. When this thing does breakout - whether it is up or down - it is going to be a huge move. Bigger the base - bigger the move