Thanks for all that. That's where it confuses me, 5 up followed by 3 down, repeater repeater... Do we just assume the greater trend direction is always up, and any impulse waves downward must be part of a larger A or C pattern. It's just something that has bugged me that I have never been able to clear up. Simpler is always better.
As far as MAY goes, I'd like to see a double bottom at 8c. Sort of a false breakdown of the triangle and a truncated 5th in the C. It seems to have rejected the main downtrend line unless we get some volume late this arvo. @W3hunter
