after an uninspirig sideways action the count is becoming consistent with the wave v count. we have evidence to believe we are in a triangle right now, this should play out in a day or two. Triangles are always terminal moves!, this is a hard rule, means we are close tothe bottom if this plays out a triangle. There are limits how far this can go so we may be offered a clear cut leading buy signal in the coming days.
If it is wave v, does this mean no 2xx? I was quite looking forward to it, even had some fiat ready to buy.
Sorry, this is a confusing thing you must learn about ew. there are many fractal degrees we must deal with. there may be wave ((v)), wave (v), wave v, wave (V) and wave V wave 5 etc..... we will still probably get a wave V to 2xx, but this is wave (v) of (c) of (B) of IV. Wave C will take us up to 4xx.
chessnut, may I make a couple of suggestions?
If we are in (iv), then also show the (iii) extreme (and labeled). This is the easiest way to orient the viewer to your pic. Anyone who is/has been following, will have an idea of the larger count, so this will make it easy to see where you are pointing and what you are trying to convey.
Occasionally, show a zoomed out larger image of the over all count you are working with. This will remind people of the larger waves of which you are breaking down the sub-waves for. Now, I don't mean an all-time count, but if we are in iv of C of (B), then show the whole C including the B extreme/label. Or even (when reasonable) the whole correction/impulse up until now. This will also help others to see as it unfolds and grasp the concept of EW. The followers will continue following when they aren't confused
Now back to your regularly scheduled program..