Using Fibonacci resistance arches to eyeball probable landing zones of the wave 5 correction, wave 3 of the C of the WXY correction. Algo's are giving good for a quick scalp for wave 4. Could be wrong though.
Note: I pulled out the Fibonacci resistance arch starting from the first impulse wave which would be from X wave to first swing low of the correction wave.
The algorithms usually target 14-23% as first targets which could extend all the way up to 50%, 61.8% or even up to 100% in most scenarios. No trade for me yet, though we are nearing the end of the correction.
I included all possible counts including both bull and bear scenarios hence the multiple WXY and WXYXZ's in the chart. The primary and secondary counts do...