We are going above than expected in the last idea (linked below), but i still think that we are in a Wave (C) before of a new low (to 1640 - 20 area), according with my counts. Precisely, it looks to me that we stay inside the last 5th wave of a "zigzag" ABC (5-3-5) where the first 5 (the relative A) are a w-x-y-x-z.
I stay convicted that we are into a big correction so far, and only a break above 1826 (the final confirmation would be 1840) will invalidates this count.
So, here is published the whole counts from March 8 in 15 min TF to monitoring what happens.
Final levels to watch at (if 1790 will breaks) are: 1804, 1806, 1811, 1815, SLs should be above 1826 - 30 levels.
Above that area i think this idea of the C will be invalidated cause in that case we may stay into the new Bull Cycle (the big 5th wave, precisely 3rd of 5th).
I will post comments with updates of the counts here and on my old idea (on bigger tf).
"Like with Cheers" would be appreciate if u like my work, thanks you so much! ;)
May the pips be with you...
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Closer view of the last 5 waves up inside the count of (C):
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Higher tf view:
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this remains valid untill 1760 will breaks down:
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ok, looks like we make a double 5 inside the 5th wave (extended)?
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this abcde as wave 4 could be a possibility:
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this is another possibility:
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there is also the possibility that the 5th is already done:
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this is another possibile scenario cause i see a missing wave 5th so far (its also possibile that will ends with a failed one): the key could be in the bottom TL of that ending diagonal, a break below that might be a fall.
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Actually we hedged 1780 and 83 with stops below the bottom trendline, lets see if this is an overlapped wave 3 inside the diagonal:
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:D
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hedged here lets see this could also a wave 3 in downside.
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BE CAREFULL, this is possibile:
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btw, the PA looking like we might stay inside a B wave, so this would be the counter count:
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Eyes on 1757:
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But... this count is still in play and perfectly valid atm: be carefull
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OK, when my worst nightmares looks they are coming true... this might be a correct count for the wave 5. Hoping that i'm wrong cause im holding shorts.
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this marker would invalidates the subcount of the green path (hoping that)
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first sign of invalidation arrived:
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Ok, i got an alternative count that would fits in terms of bear cycle. lets see how it will developes.
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on smaller tf we may stay inside the first wave of the bigger 3 in downside:
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Makes sense and would fits perfectly to the rest of the previuos count that i have:
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The updates will posted on the new idea, here: (click to see it).