Instead, they have decided to go with a potential flat for wave iv with wave c ending as an ED.
The bears on the other hand, were able to stop the bulls and potentially force a double top. What could be favoring the bears is the new option I added in purple. A larger flat that could be in play.
As I posted on 12/4, we may want to remain nimble in this range and so far, we are back at the upper end of it.
