What do you think? Is this playing out to be an expanded flat for Minor B?
There are some problems with this count, most notably wave [b] of B. It is almost 1.618 x [a] of B. EWP guidelines suggest that wave Bs in expanded flats are usually 138% at most of wave As.
I'm sure if we dig down into the squiggles, some waves may not count properly. However, from a 60 min chart view, it seems plausible.
It would be interesting if this count does play out for Minor B before Minor C launches higher in to complete P2. That would form the right shoulder for the H&S structure that I believe may be forming.
All this may make sense. Selling and buying pressure both seem to be struggling. A flat scenario would make sense so as to match the "consolidation" phase of this run up before it's final spurt up (maybe not higher than 1039)to complete a truncated fifth bringing with that a termination of P2.
Let's see what happens!
good morning, as always i disagree, though that is nothing new to you.
ReplyDeleteIn any case in short time frame this is the scenario likely to play out and none of those "your friends" riders of apocalypsis.
when will you post an ultrabullish count leading us to 1250?? just to please me, i am your only follower!!!
if we are in a W2, could yo show a count in which a reversal up to close where W1 begun?
According to EWP it may happen, isn't it?
HA HAH AHAHAHHA HAHA HAHAHAH
ReplyDeleteHAH HA HA HA HA HA
GEE,,,I CANT LAUGH NO MORE...
I DONT KNOW WHAT MAKES ME HAPPIER, THE MONEY I AM MAKING OR YOUR FRIENDS ALTENATIVE COUNTS....
PFFFFFFFFFFFF
HA HA HA HAHAHAH....
TELL THEM NOT TO WORRY, SOMEONE WILL COME SOON AND TELL THEM TO KEEP THE SHORTS...IT IS IN ITS FINAL STAGES....
jose,
ReplyDeletewhat do u think so far?
hi wave, BEARTRAP-profit taking, correction only,(do you really see an impulse?) your friends will loose their pants (if they still have them)
ReplyDeletepost an ultrabullish count for me topping at 1500, it will trigger.
congratulations in any case your scenario trigered
im still watching 970-980 1st to see what happens with the price action at that point if we hit it.
ReplyDelete