We had that other move down this morning, but it rallied fairly quickly and recovered. The primary count is still shown below. No sense in repeating the alternates. Now would be about the time for “upside surprise”.
Again, if Minor 5 of (5) of [5] stretched its legs a bit, the entire 6+ year Primary extended wave [5] would look simply awesome.
Let’s talk about this chart. Wave (1) WOULD have made a nice [5] peak. But the eventual price move above forces that instead to be labeled (1) of [5]. Then we count (3) and (4). Finally, where 1 of (5) of [5] resides, WOULD have been another spot where wave (5) of [5] could have ended. But instead, we label that 1 of (5) of [5] indicating a classic extended wave in the larger structure of a 17-year cycle-sized wave.
It’s a beautiful picture. We charted this monster for 17 years. Not going to give up on it now. (Note: the chart below shows the “alt” whereas wave 5 of (5) of [5] has already finished up and we are merely awaiting wave count confirmation).
