seems to tell us that the big scare was actually just a correction within a bull
market. The right look suggests WFC
is on its way to new high. We even have the rule of alternation with wave 2 being an expanded flat while wave 4 is a simple ZigZag
. The only thing I don't like is within the zigzag
both wave are sharp. Usually one is a surprise to everybody while the other is grinding your patience. That might suggest wave 4 is not over and we will grind sideways for a while before WFC
resumes its ascent to end the huge active wave that started from the 2009 low. That might even indicate the beginning of another financial crisis.
Moving below 46 will indicate either wave c is not over or I am wrong dead wrong.