I maintain my biases towards the black count

30 Sep

As I have discussed many times previously, we are about to enter the stage where triangles typically will break apart. What will constitute the triangle breaking apart is for price to breach either our purple (a) wave high, or our purple (b) wave low. Price must continue to constrict to maintain the integrity of the triangle. Nonetheless, in my primary analysis I do believe we break upwards in the black count, but as of right now we have no confirmation as whether the purple or black count will prevail.

I suspect this week will be informative.

Chris