Here's a chart that I like (possible kiss of death) for it's apparent adherence to EW theory and bullish outlook, with a nice clear wave count, decent fib measurements and alternation too. With my central bank, the Bank of England, declaring an economic downturn on a scale not seen for 300 years are they are offering a massive contrarian buy signal? I'm with the bullish red count here. I have included a bearish blue count too even though I am really struggling to count 5 waves for it's 5th wave which makes it the weaker option to me......
Comment:
Fiddling with the position of wave 1 also chucks up some interesting fibs for a completion of wave 3.....
