Hi traders,
* Yesterday's published idea: we expected b of (V) being completed and a flush coming to new lows to complete Y. However, there was some mislabeling in my count; it is always tricky to count corrective moves, especially on such a low timeframe.
* Now, what do I see? honestly, this corrective move initiated from the most recent low (June 17th) took so long and extended way higher than I expected for wave b of (V). This made me to consider an alternative count, which considers this whole corrective structure as wave (IV), so wave (V) has just started.
Although such mislabeling happens rarely in my counts, they wont be harmful to your trading. Just looking at the daily volume and the closing candle guides you in the direction of not seeing bulls in control, yet, as the count suggests.
* Yesterday's published idea: we expected b of (V) being completed and a flush coming to new lows to complete Y. However, there was some mislabeling in my count; it is always tricky to count corrective moves, especially on such a low timeframe.
* Now, what do I see? honestly, this corrective move initiated from the most recent low (June 17th) took so long and extended way higher than I expected for wave b of (V). This made me to consider an alternative count, which considers this whole corrective structure as wave (IV), so wave (V) has just started.
