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For anyone following on, A ended up being a 3 waves, so it was...

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Hippohodlermus

1,229 Posts.

101

12/12/23

12:21

Post #: 71402922
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Originally posted by Hippohodlermus: ↑

So far so good. Depending on how this A waves forms will indicate approximately what to expect from waves B and C.
If A has 5 waves it is a zig zag correction, B will likely be small around 38-62% of A.
If A has 3 waves it is a flat, B will retrace 90-130% of A.

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For anyone following on, A ended up being a 3 waves, so it was an expanded flat correction and B played out to 120% retrace of wA.
Looks like we may have turned down into wC now which will be expected to retrace 100-160% of wA length, though will be watching out on the wave count as C can end early in a running flat.

XJO Value at posting: 7,231.5
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1 Great analysis

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