Looks like red alt (2). Green count as shown is invalidated but the lack of follow thru rallying these past weeks was a strong warning.
评论
Parabolica
⋅
Did you use some kind of time extension, retracement for determining (v)?
nick.holland78
⋅
@Parabolica, Price-based retracements are indicated on the chart. I don't use time-based extensions. Corrective waves are difficult enough to predict in price pattern. I haven't noticed a reliable time-based relationship except perhaps within the theory of 'alternation' for wave 2 and 4 (of any degree). If this wave (2) confirms we'll have a possible hint for wave (4) in the future. Perhaps a triangle given the deep wave (2) retrace. Way too early for that...
Jv200909.
⋅
But I am just not sure if we are still in bull market.