Count is largely based on Godly's EW count. But I have included some intrinsic changes based on careful analysis. Mostly in the subwaves of the triangle.
Overall retracement type is a double zig-zag.
ABC - ABCDE triangle (X) - ABC
Most Probable target for end of retracement: 4640 If that breaks down, 2870
評論
Subwaves of the waves A and B of the (B) wave of the triangle
評論
Seems like waves 1 and 2 of the (C) wave are done:
評論
Current count of subwaves:
評論
Correction most likely comes to an end here
pinned through the 76.4% support.
If we form a lower low now, it would invalidate the target and the next support will be 2840 (85.4% mark)
評論
76.4% support didn't hold. Approaching 85.4% line now.