wednesday webound, page-49

Intuition

I don't see how you could call this move down a minor 4th now.

If you want to be super bullish, you could make it a wave 2 after the move up from Feb as a wave 1 of C or something like that.

The pattern of the wave down can't be seen as 5 waves as wave 1 and 4 overlap.

At a minimum bearish count you would have to count it as A-B-1-2-3-4. 4 is todays rally.

Thhis inplies we have to have a lower low as a minimum structure.

As far as the next few days go, I have seen a pattern for end of the month in the US which has only failed once in quite a few months.

That pattern calls for tonight up and the final 2 days down.

A bit like Robbbbbbb's 41ema, I have my Wilder ma which is not too dissimilar.

It will probably be broken today but I require 2 closes through so it is one important hold out for now. There are some others of lesser importance and will need to study those after today's close.