Draw a trend line from the ~297 top in March and connect it to the lower high of ~260ish from the beginning of April.
Last night's push up was the first move to clearly break through the resistance from that trend line.
That's not EW
Chessnut's white count may very well be invalidated in the coming hours, but at the moment it is not, only the red count, for which JustAnotherSheep has provided what looks like a valid alt count
Would appreciate a comment from Chessnut or Ryan about this, even if we do push higher and invalidate the white count, for educational purposes
A count where 3 nested 1-2's was indeed invalidated on BFX. Not on China, though. This does not mean the imminent end to the bear market. There are plenty of counts where this is still valid. On the other hand, I can't even force a bullish count from the lows. It's just not there. If you refer to my thread, I spoke of a leading diagonal with a retrace to around 260. That's about as bullish as it can get, but not before a pullback here soon.