Here Is One Way I Can Count This

Given the suspiciousness of this as a 2 (discussed here), let me try this.

If they squeeze us to 3801, then I can explain it this way. I like the broadening formation. If that structure is right, then we should be in “E” of that (in green). Green “E” should be a 3-wave move (the blue a-b-c). So, there is then wave balance (38.2% extension) between blue “c” and blue “a” (of Green “E”) at 3801.


So if they squeeze us there, that is one place for Green E to stop. I wouldn’t want it to go too much higher though as we should stay close the broadening formation. Poking through it is ok, leaving it altogether is bullish.

If you enjoyed this article and are not already a member, consider becoming one via Patreon for access to these articles in their entirety when they are first published, Discord chatroom access during the trading session and more.

And if you have a moment, please like and share this article on social media.
Become a patron at Patreon!

Comments are closed.