Here is a quick try to EW count after the big drop which occured early January.
To me this drop marked the end of ABC correction for 2014 falling wedge.
We still need to break the big resistance trendline (big blue line in my chart if you zoom out) to be able to tell whether or not bear market has ended.
Pretty clear impulse waves are defined. Feel free to contest and argue about my count, i'm very young to EW analysis.
To me this drop marked the end of ABC correction for 2014 falling wedge.
We still need to break the big resistance trendline (big blue line in my chart if you zoom out) to be able to tell whether or not bear market has ended.
Pretty clear impulse waves are defined. Feel free to contest and argue about my count, i'm very young to EW analysis.
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