Thursday, October 8, 2020

10/8/2020 - EOD Update

Not much to add. The primary count, as posted the other day, is still intact. A wave iii was expected for the primary and so far it appears to be playing out, albeit in a wedgie looking pattern. The alternate posted the day is now invalidated. 

The new alternate option is a potential leading diagonal wave, which would accommodate the wedgie look, may be in play as highlighted by the orange count below on the 15 min chart. If this is a leading diagonal, wave v cannot exceed 3462.73, otherwise it will be longer than wave iii, which would be a rule violation.

The inverted head and shoulders pattern continues to play out. I now have two areas for the neckline. They essentially imply the general target area near 3600.

15 Min


60 Min