Overview: let's review our expectations of yesterday:
This is a comparison of expectation vs actual price action:
Update: No change to my labeling is needed. I think we have completed wave (B) of 3 of c of (III) and we should head lower to complete wave 3 of c of (III).
Note that the 0.618 retracement of wave (A) of 3 of c of (III) was at 3974.5 and wave (B) of 3 of c of (III) peaked at 3974.25!
- Right now, I believe we are in wave 3 (the light green label) of c of (III).
- In the process of developing this wave 3 (the light green label), I think at this very moment, we are completing wave (iii) of c of 3 of (A) of 3 (the light green label).
This is a comparison of expectation vs actual price action:
Update: No change to my labeling is needed. I think we have completed wave (B) of 3 of c of (III) and we should head lower to complete wave 3 of c of (III).
Note that the 0.618 retracement of wave (A) of 3 of c of (III) was at 3974.5 and wave (B) of 3 of c of (III) peaked at 3974.25!
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