Post
Topic
Board Speculation
Re: Critical Levels - EW analysis
by
chessnut
on 31/03/2015, 10:46:39 UTC
The failure of wave C to unfold as a clear impulse (at the time being) gives us a strong clue that a triangle is unfolding here as triangles unfold in five wave of 3 and are corrective moves.

A triangle here changes the medium term count quite interestingly, as the decline towards 220 would become a terminal move, perhaps wave B of a larger flat, or something else, we shall see.