On breakout of current log downtrend I will consider this count to be activated (historical III running). You all know what means elliott wave number 3...
I will recognize significant bottom at the following conditions.
1. Price will hit the weekly upper BB and then collapse into weekly 20 sma.
2. oh well, nothing more ))
Then it should collapse to weekly 20 sma and stay around there for all "silence phase".
So here is it - plan till 2016-2017. As I predicted right after ATH, this will be long and painful decline till 2016...2017.
So after the breakout of current log downtrend, is the scenario in which price hit weekly upper BB and collapse to weekly 20 sma and followed by a long silence phase still valid?
Again, thank you Master Luc for your continuous professional and rational analysis.