... then what? The decline from the all time high is a 3 wave structure, therefore I see 3 possible wave counts: 1 - My main count. We are going to correct at least 105% of the decline, and we'll do it with a 3 wave structure, so that then a crash of circa 48% unfolds to complete the expanded flat pattern and take the 2016 low. Then, we'll rise for circa 21...
Nice end of the year, followed by a not so nice start of the new year?...
... so good. The expanding leading diagonal appears to have been confirmed, having reached the price level predicted in my previous post. If price continues confirming my plan, it will keep rallying sharply (typical reaction after a diagonal) in order to complete minute wave b, so that then a sharp and big impulse will head south, for finishing the double zig-zag...
Down for the 5th wave of an expanding leading diagonal, to complete the first leg of the final zig-zag?
Would have implications at a long term level... bullish implications...