Counting waves is very challenging. If 17,587 is the floor of Intermediate Wave C of Primary Wave 2, we are now in an early stage formation of Intermediate Wave 1 of Primary Wave 3. In EWP, part of the personality of Wave 1 is that many are convinced that the overall trend is down and that is why any rally will be taken as an opportunity to sell.
Posted Using LeoFinance Beta
Yes it is. EW people are convinced they are right until they have an invalid count. Then it is off to an alternative.
Posted Using LeoFinance Beta
Yeah, you're right. One chart is open for diverse readings and most of the time one can only see the confirmed trend after the fact.