Looks like B of primary ABC correction is developing into a running triangle. The current wave "e" of triangle B should end around a .618 retracement of A, so approximately 109. Then primary C will kick in for a nice long ride until C equals A at/near primary 4 in price, around 140.
At that point, the cycle degree correction of the last few years should continue with a large 5 wave cycle wave C down significantly below lows in recent years. Most likely lasting 4 years and dropping to a .618 retracement of the previous cycle degree rally.
At that point, the cycle degree correction of the last few years should continue with a large 5 wave cycle wave C down significantly below lows in recent years. Most likely lasting 4 years and dropping to a .618 retracement of the previous cycle degree rally.
Commentaire:
d circle surprised me with another 3 wave sub-division making d circle the most vexing wave of the triangle. e circle, then, is moved out the line to meet the current drop at about 111 before reversing higher in C, completing the larger ABC correction...still looking for C to end at or above 140
