Sooner or later, the count will clear up which means we'll have some market movement one way or another.
Thursday, October 13, 2016
The Minor wave 4 count has broken today because of lower lows. The triangle pattern has been broken. However minor 4 count itself has not been broken. Note the new alternate count since we only have a "three" wave structure since (4) up so far.
Posted by Daneric at 6:18 PM
Tuesday, October 11, 2016
The wave count is still holding up overall. As long as the market remains in a viable triangular configuration, we'll stick with the count. A lower low (such as overlapping wave 1 of (5) peak price) would force a change in medium term count.
We now have a proper "(c)" wave (if that's what it is). However prices need to hold above (a).
Posted by Daneric at 6:43 PM