Quote from: Afrikoin on June 09, 2015, 03:35:42 PM

[Edit] I see my 4 here breaks the rule of going past 1. SO maybe it could be an ABC instead of 1,2,3,4 5?

Indeed, I'm fairly certain that's an ABC. At least I've counted it as one since bottom successfully (with us currently being near the top of C if my count is correct, but it may somehow overextend to complete a triangle wave; see below).

I'm not sure how it fits in with the bigger picture though. At first I figured it was corrective to the preceding impulse, meaning as soon as it is complete we resume the downtrend since $250 top, imo probably to form a 5th wave of some degree since we seemed to lack a 5 when we entered correction.

However I recently noticed this potential triangle which, if valid, would suggest that the ABC is just a triangle subwave, possibly even half a wave ((a) of C) unless c extends to hit upper trendline. It would also mean top of current correction will likely be followed by 2 more corrective waves (D and E). Further the presence of a triangle here would afaik seem to confirm the downtrend from $300 top being an A, and I think a successful downwards break and C-wave would probably invalidate the triangle count(s) posted by chessnut earlier (unless the hypothetical coming (C) turns out to be extremely underextended).

But I don't even know if it's valid heh, just a thought. Would love some feedback from the resident EW experts =)