mikeoakster

mikeoakster

Hi. The rally from the most recent low looks corrective to me, therefore I'm expecting a new drop, which could be the final leg of an ending diagonal, that way completing the expanded flat. Or not.

mikeoakster

Not easy... at least, I got it right in that price wouldn't go right away for a new all time high, meaning Minuette (b) or (ii) was not complete yet. If the correction ends at around 78,6% or 88,6%, as these are retracement levels more common for 2nd waves, perhaps it will be Minuette (ii) instead of (b). Do you agree?

mikeoakster

Maybe that's what's going on (expanding ending diagonal to complete an expanded flat for minuette wave (ii). If so, subminuette wave v would have to be bigger than subminuette wave iii...

mikeoakster

Hi. After a Minute wave 2 (green) that was deep (78.6%) and could have had a sideways shape(zigzag-flat combination pattern), we could have had already a complete Minute wave 4 that was shallow (23.6%) and displayed a sharp shape (zigzag pattern), meaning the 2-4 alternation guideline for impulses would have been verified perfectly (in deepness and shape). If...

mikeoakster

As I see it, each impulse has been followed by a zigzag or double zigzag. Each impulse has also been reaching a higher high, while the following corrections have been ending at a higher low. Besides that, each impulse has not been reaching the proper Fib target for a 3rd wave. Therefore, I see this progression as a series of nested 1-2, which could mean the...

mikeoakster

Sharing some changes in my preferred count.

mikeoakster

Com'on Portugal, you're an amazing country, so... let's go rally accordingly!

mikeoakster

Depending on the degree the recent correction refers to, we could have it completed or still undergoing. It looks to me the degree is the same of the one verified in the presidential elections phase, and if that's the case, the recent correction would be too shallow, therefore, in order for the correction to be deeper, we would need an expanded flat or a double...

mikeoakster

Price went down as expected, and ended up making a new low, but did it by displaying a three wave structure, therefore, as I can't find any ending diagonal pattern there, it should mean subminuette wave iv will continue its path, and for that, a running triangle, regular flat or combination may unfold. I favor the triangle or a combination with Y being a...

mikeoakster

It looks to me we're continuing to have down moves with 5 waves followed by up moves with 3 waves...

mikeoakster

Potential targets.

mikeoakster

Following up one of my counts... Let's see if 23541.1 holds...

mikeoakster

We would be riding a big first wave of a huge ending diagonal... Even if it is an impulse, the unfolding structure could be the same until yellow wave 3...

mikeoakster

Breakout to resume the uptrend?

mikeoakster

... based on rules and guidelines...

mikeoakster

Could be something like that.

mikeoakster

With this count, both structure and fib ratios look good to me.

mikeoakster

Perhaps a rising wedge is about to finish...