Why would you be confused, when you see market forces playing out and with that shaping trends, patterns and EWT waves? Sure I misinterpreted the correction mentioned above, but in the end EWT corrected my wrongful interpretation and therefore makes the way forward that much more predictable.
I short the TO offer and the associated jump in SP/gap threw me and my wave count off in identifying the ATH as the peak of wave 5 up. However thanks to the rules based EWT I was forced to correct my count, because wave 5 up is and should be followed by a correction, which in this case was an ABC down, which with or without manipulation, finished above the level of wave 1 up. So all good because charts don’t lie!
New TA/Charting, page-12940
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