Dont you think that where your 3. wave is finished, next structure could be a flat not X ?
Lionheart-EWA
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@ghocev2 The structure is a flat but a complex one, a double three. You can explain more with a chart please just be be clearer. Thanks.
ghocev2
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@Lionheart-EWA, I cant draw a chart at the moment but did you look in a montly
timeframe if this flat Is not forth wave and we are Just going in to 5th wave?
Lionheart-EWA
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@ghocev2, I have that in mind as well as an alternate and due to how the strcture on the upside began, a contraction in a 4 would still be in play for an ending diagonal.
ghocev2
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@Lionheart-EWA, Here is my chart.I am a beginner level of EWP
ghocev2
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@Lionheart-EWA, This is my count. I thing that this must be right
Lionheart-EWA
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@ghocev2, I agree with your count and as I mentioned, I am keeping it in mind as my alternate count. The reason why i'm labeling the correction like this is because DOW and SNP do show signs of a C wave possibly coming and it would not agree with NDX going up and them not following the same path. If the bull market is still continuing, then the wave counts would not really agree on DOW and SNP. It is a tricky moment and it needs more patience, I'm sure the real trends will be revealed with the next swings. Waiting some more..