Lara, do you have an update here? Overall the movement in the last month has continued choppy and corrective. Possibly blue 2 is continuing as a drawn-out expanded flat for pink y? Or if blue 3 started, then we may be close to the end of a very deep wave 2 – which would be consistent with your main SPX count, assuming the dollar rises when the third wave down begins. Thanks!
Hi Travis, no update today. I hope to get one out this week. But you’ve described the situation exactly; if price breaks above 0.84329 then minor 2 is an expanded flat and I’d expect more upwards movement.
Draw a trend line from the high of intermediate (2) at 0.85441 to the high of minor 2 at 0.84329. Upwards movement is finding resistance at that trend line.
I’m waiting and watching to see if it will break through there, or bounce down from there. When it is clear what will happen at that trend line then I will update the wave count.
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Lara, do you have an update here? Overall the movement in the last month has continued choppy and corrective. Possibly blue 2 is continuing as a drawn-out expanded flat for pink y? Or if blue 3 started, then we may be close to the end of a very deep wave 2 – which would be consistent with your main SPX count, assuming the dollar rises when the third wave down begins. Thanks!
Hi Travis, no update today. I hope to get one out this week. But you’ve described the situation exactly; if price breaks above 0.84329 then minor 2 is an expanded flat and I’d expect more upwards movement.
Draw a trend line from the high of intermediate (2) at 0.85441 to the high of minor 2 at 0.84329. Upwards movement is finding resistance at that trend line.
I’m waiting and watching to see if it will break through there, or bounce down from there. When it is clear what will happen at that trend line then I will update the wave count.