So I will continue to show the count options based on the series of posts / counts I have been showing the last several weeks. There are other options out there, to be sure, but this is my preferred and I will always show you my preferred (unless there is a very compelling / equally plausible alternate). But I think this best describes the price action (IMO).
I think this last wave is forming a diagonal (no surprise) and I can see two ways to count it. The first says we are done. The second says we a have a few more days in it with a very slightly higher high to come.
There are merits to both counts, so I will show you both. I am still short, but I still have a cash position waiting for either a higher high or a confirmed breakdown. There is still an "unresolved" feeling about the price action at the moment.
From E-T: Weekend Post – March 10, 2018
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There is a new post on my blog at this LINK. Cheers and enjoy the chart! E-T
6 years ago