considering how long the initial move down took, i'd think the last wave down before we complete the correction that began in 2011 may take just as long or longer? still think pivot at median line of channel and those fibs though.
Y wave went 0.618 to the tick.. w/ the hidden bullish divergence im leaning more bullish combined with the fact we didn't go 90%+ to meet the strong guideline for an X wave which would likely make this an expanded flat to complete 4 of the impulse that began in 2009.
still holding my $SNAP puts waiting to see how Monday plays out.
B wave count simple 5-3-5 zig zag to the 1.618 extension on low volume w/ bearish divergence at the $1703 top and we're expected to come down significantly.
Its an internal retracement still correcting from all time highs so I'm looking at volume profile coming down from ATH. The point of control is around $1280 which led me to consider changing the pitchfork...
Will check to see how it looks coming down for more precision final target and confirm with bullish divergence. Might also take a look at Thomas Demark when it gets there. I can struggle with labeling so if you go to the 1 or 3 minute and see if something should be labeled different let me know so I can take a look/learn/improve.
Likely completed 3-3-5 correction from ATH, but Does the bounce from 7.47 to 8.71 qualify as a leading diagonal? Hard to tell if they are all zig Zags or not on the 5 & 15min tf. Looking very bullish on longer timeframes. Failed to tap median line of the Andrews' pitchfork and upper warning line is now shown as support. Tapped the bottom of the channel in the...