Hey Sally exciting stuff! youve forced me to do a thourogh count.
I dismissed the possability of this correction being an ABC because wave B (or 2) failed to reach a 50% retrace of wave A (or 1)in that count,it should at least be a 50% retrace for a B wave. but in a 5wave count its not a 50% retrace either.
so I guess the most important thing is that the corrective sequence remains intact ie: an ABC should fully correct the prior 5th wave (stopping at the end of wave4), and a 5 wave trend should fully correct an ABC.
looking at this as an ABC keeps the sequence in tact.and projects a 5 wave rise thats corrects the current ABC to above $50.mmmm
so it will be interesting to see what happens around the 50% retrace of this current wave. a long term trendline break following support at the 50% $26.40 would be very very strong confirmation.
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Hey Sally exciting stuff! youve forced me to do a thourogh...
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