PLS chart, page-5059

Not quite as strong a day as I was expecting here. Others faired better. One of the rare occasions for AKE to well outperform PLS.

The US markets last night appear to have positioned themselves risk on for tonight’s CPI. We will find out later if that was the right call.

For here, correction wave counts can be an ABC or can be more waves, so more like a running flat or a triangle.

Best guide here is the most recent correction which took best part of 8 weeks to complete (chart below). We are 3 weeks in on the current.

Good thing is we already corrected a large part of what it did last time, it more comes down to that pesky gap now.

I also believe these patterns wind up the spring for the next rise. Interest builds.

We gained 118% in 15 weeks after the below pattern ($1.78-$3.89) though below I think that double top was a BMX auction result so I’m not sure we see that unless a BMX auction is in play in the next 5 weeks.

Im thinking 3rd week of March we will be on our merry way a lot higher, maybe earlier.

Not advice

GLTAH