5th Option, Good Lord

Adding to the thoughts from earlier (here, and then here), I have one more.

We may count the structure as below, with a confluence of fibs all at the same spot where we’ve initially found support a few minutes ago. This count involves us counting down from the August high in a double-three corrective decline, instead of an impulse wave down.

I still don’t have any reason to expect this is anything but what it looks and feels like: a waterfall capitulation event into a major low.


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.

Leave a Reply

Your email address will not be published. Required fields are marked *