wxyz,
I would like to start by saying I know absolutely Jack Shmit about Elliot Waves but based on what I have seen from yourself and previous posters including the now infamous Sally/STMTS I would like to ask if my chart below would be a reasonable representation of the wave patterns. I have read that if wave C does not exceed 68.1% of wave A then it is deemed a failure. My interpretation is that the high of Friday had wave C just short of that mark.
My question is two fold
1- Am I even close to the right path?
2- If this is a failed wave C is the confirmation a breach of the April 1st low of 31.70 ?
chart, page-27
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