GRT relabeled for the long sideways correction since Feb 12
The long side ways correction that's been ongoing since Feb 12 is too long to be the fourth of wave 3. I've relabeled this correction as primary wave 4 which implies that the 3rd wave ended on Feb 12 and we should soon be starting a 5th wave. This makes wave 4 proportional to wave 2 of the same degree. There's no hard requirement that it has to be, but it is usually the case. The good news is that the target price range remains the same.
