Loading ...Here is my Wave count in Silver, to say we are in a C down…..Both A and B have clear 3 wave counts marked as a-b-c…taking us into the C down….which should consist of 5 waves a-b-c-d-e…..so far it looks like a done and in b up…..and here is where E wave gets tricky,,,,is this C down going to be a sideways chop….or will it be a nice C down into the Hi/ lo 60’s or worse….so far action points to sideways chop, as normally a C wave is strong and therefore we should be well weak here…but we are not…..
But the most important info is that the Initial A down was clearly only 3 waves, which means whatever follows, this drop is only a corrective wave, there is more to come on the upside.