The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.
We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.
We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.
Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us.