< … finishing up an A-B-C correction to a major bull market with new highs ahead.
Could be, or Thursday marked the end of Wave 3 in a 1-2-3-4-5 first move down. If Wave 4 up, started possibly today, Friday, advances in a A-B-C, fails, and is followed by a move to a new low, *that* would be very telling as to what we're dealing with in the coming many many months to years.
No need to guess. Time will tell.
Next week, especially Monday, will be very *revealing*.
Gary May 14, 2022
I was thinking that also. 5 waves. But I am no EW and so did not want to write as if I am.
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< … finishing up an A-B-C correction to a major bull market with new highs ahead.
Could be, or Thursday marked the end of Wave 3 in a 1-2-3-4-5 first move down. If Wave 4 up, started possibly today, Friday, advances in a A-B-C, fails, and is followed by a move to a new low, *that* would be very telling as to what we're dealing with in the coming many many months to years.
No need to guess. Time will tell.
Next week, especially Monday, will be very *revealing*.
I was thinking that also. 5 waves. But I am no EW and so did not want to write as if I am.