Bullish Count

By wsbza

Updated

based on the above count, the long-term trend remains bullish, either wave (3) or wave (C) rally is under way

Note

Note

If this is a flat correction, red wave {c} is likely to re-test wave {a} low at 1.52747.
also be aware that the length of wave {c} of an expanded flat often equals to 1.618 times the length of wave {a} (at 1.4874) OR wave {c} could end beyond the termination point of wave {a} by 0.618 times the length of wave {a} (at 1.4708)

Note

It seems that the flat correction could be ended at the recent low.

Note

break above 1.5782 ( the end of wave (iv)) should confirm the above assumption.

wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

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