not sure if the boys here are into EWT or understand the cyclical nature of it but im finding confirmation of impulsive moves usually occur after a major time wise cycle has nested a low and a reversal chart pattern has formed...
if we are on a 20w cycle then a peak isnt to far away...
im finding after studying numerous chart patterns that impulsive moves usually start after the third low (as long as that low isnt to high in magnitude), so not sure about the extension...
fld lines suggest a peak of the 18m cycle and wave completion around feb next year (backtested to around 90 odd %), so we will see what transpires...
if legs 1 and eventually 3 end up short then im expecting leg 5 to be the longest...
its interesting how much the XJO is physically lagging at present as the AUD has broken a previous major high...
either way i agree more or less with the 'gentlemens' assessment...
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