This count is still 3-wave corrective. It means we can easily see another violent move down near term.
Could a base be forming? Possibly. But here it's good to keep an open mind and be prepared for further downside still.
Could a base be forming? Possibly. But here it's good to keep an open mind and be prepared for further downside still.
In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. - William Eckhardt