fiery friday, page-37

Of course the trouble with EW is it always works after the event.

So at this stage you can't be sure 5 of 5 is complete.

You could also forget the first 1 and 2 and say we have had just 3 waves down with another wave of 5 minor waves to go. In that case wave 3 is smaller than wave 1 and so wave 5 would need to be smaller again by EW rules.

All the same the EW plus the Fib grid argues strongly that this is a completed pattern requiring a decent bounce of 50% or 61.8%.