Left hand count: I mentioned fundamentally yesterday that Iran was a concern for the bulls, and low and behold they seize two UK tankers and sink the dow. So on the bullish side of things i see this as another simple zigzag correction that will continue much higher. Hence why i am only counting this as impulse and corrections rather than trying to label it as complete.
Right hand count: This idea is getting interesting now for me, in an Ending Diagonal wave 4 has to overlap wave 1, and it seems most probable that will happen now. So if we see a bullish reaction to the zone I have indicated then we buy and try to break even our order soon as possible. Just keep in mind if this is an Ending Diagonal the bearish reaction to the end of wave 5 will be a 500 point drop, and very quick.
Right hand count: This idea is getting interesting now for me, in an Ending Diagonal wave 4 has to overlap wave 1, and it seems most probable that will happen now. So if we see a bullish reaction to the zone I have indicated then we buy and try to break even our order soon as possible. Just keep in mind if this is an Ending Diagonal the bearish reaction to the end of wave 5 will be a 500 point drop, and very quick.