This is just a correction of my count on the September 7 post.
I saw that my annotation for wave Y was off and I have corrected it, but the outcome remains the same. A top is in place for a decline towards at least 2.48. Yesterdays strong decline of 3.45% adds confidence in this count.
The big question is, whether a third zig-zag rally is seen from 2.48 or a break below this strong support will be seen? The structure of the decline from 3.18 will answer that question in time for us to act, but for now, just let's concentrate on the decline towards 2.48.
I saw that my annotation for wave Y was off and I have corrected it, but the outcome remains the same. A top is in place for a decline towards at least 2.48. Yesterdays strong decline of 3.45% adds confidence in this count.
The big question is, whether a third zig-zag rally is seen from 2.48 or a break below this strong support will be seen? The structure of the decline from 3.18 will answer that question in time for us to act, but for now, just let's concentrate on the decline towards 2.48.
