The selloff at the end of the day is exactly what was needed to maintain the projected top of Minor wave A. However, it is possible Minute waves 1 and 2 have now completed. This means Minute wave 3 could take the market up above 4515 tomorrow before cooling off into Minute wave 4. Minor wave A and Minute wave 5 end points have been updated based on the close and...
Let’s recap what was expected from . Based on specific historical wave data for waves ending in 2BC2, Intermediate 2 had quartile retracements of 33.44% (1st quartile), 60.60% (2nd quartile/Median), or 77.87% (3rd quartile). These levels are depicted on PATH TWO in the chart above. Wave 1 ended 2 days after the analysis was posted and the adjusted potential...
