Price has remained absolutely unstoppable. We have exceeded the magnitude of the smallest Minute Impulse waves I could find, but we have not exceeded the magnitude of the largest. I think we should continue, and especially if we get a retrace to the .382. All things considered: NQ has not gone higher, we have enough waves of sufficient magnitude to have completed a 5 wave Minuette impulse for Minute ((iii)), & price is traveling along the expected patch, I think it is a fair possibility that we get a wave down lower than the previous retrace.
In the chart, I have updated the count, tightened it up, but overall, it is the same, in this area as "Second Look." The main count in color is projected based on our ((a)) of B, back in February/March this year. The sequence should follow the same as a Minute ((iv)). This count would also take us right into the area of the .382 of the presumed Minute Wave ((iii)) AND into the area of upper support. I would expect this to hold, if we get there, based on short covering, alone. The top support I added as a reference.
The alt count assumes we get OMH, like in ES, in which case, if not an irregular b, we would basically get the action we had over the past 2 weeks or so, followed by what is my main count, here. The alt count takes us into the 1.618 of the Minor ABC, whereas the main count takes us to new highs.
In the chart, I have updated the count, tightened it up, but overall, it is the same, in this area as "Second Look." The main count in color is projected based on our ((a)) of B, back in February/March this year. The sequence should follow the same as a Minute ((iv)). This count would also take us right into the area of the .382 of the presumed Minute Wave ((iii)) AND into the area of upper support. I would expect this to hold, if we get there, based on short covering, alone. The top support I added as a reference.
The alt count assumes we get OMH, like in ES, in which case, if not an irregular b, we would basically get the action we had over the past 2 weeks or so, followed by what is my main count, here. The alt count takes us into the 1.618 of the Minor ABC, whereas the main count takes us to new highs.
Commento:
Ah. Did not update pink fibs, based on the more conservative ((ii)) count. They should be .236 14852.50, .382 14479.25.
