XJO 0.88% 7,959.3 s&p/asx 200

Here's another count. The 5 wave advance from the low is not 5...

  1. 3,191 Posts.
    Here's another count. The 5 wave advance from the low is not 5 waves at all but a completed abc, where c is the little rally labelled DE in blue. I don't like this as much as the others since c is small compared to a, but it's a possibility as it's allowed for this to happen in corrective moves. If this is the case, then we are heading straight down for an impulse wave.
 
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