This is the alternate count, of wave (4) being a contracting triangle with a very short wave e of (4). However, this is slightly more aggressive given the fact that the market needs to plunge much more to keep the 1-2, 1-2 count intact. Whatever happens, be on your guard!
2 comments:
There is much to study the corrections in periods of bull market corrections and we've had well over 10%, the maximum was 12.50% which occurred between 2003 to 2007 more precisely at the end of the bull, because the current had two corrections above 10% but never exceeded 11%.
Data: cfd SP500
'm www.mercadosbull.blogspot.com
Excellent chart!
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