I think we hit a significant high @ 9187$. The counts are now battling if it is red wave B or orange wave 1.

We will now see either a strong red wave C down or a corrective pattern down.

Good news is that we will know which one it is before the pattern is complete, so we can act accordingly before the action starts.

Wave C MUST consist of 5 waves down (impulse or ending diagonal). If we don't see 5 waves down, then it cannot be wave c. It is that simple...

This is how I predicted the bearish count:

This is how I predicted the bullish count:

Other counts that are immediately bullish (nested 1, 2 1, 2 1, 2 for example) are possible, but unlikely at this point:

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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