This is an alternative wave count to my last post. I prefer this one as I can count 5 subwaves up in the first wave, which I struggled to do beforehand. This would mean we are current putting in a B wave, followed by one more leg down. The B-C waves I have placed are purely conjecture as I would need the B wave to end for me to try and project the C wave end (in time and price).
As a side note: There is a slight wicking overlap of the waves 1+4. This is to be expected with margin traders running the market and trying their best to #rek each other by making wave counts as ambiguous as possible, coupled with short/long squeezes.
As a side note: There is a slight wicking overlap of the waves 1+4. This is to be expected with margin traders running the market and trying their best to #rek each other by making wave counts as ambiguous as possible, coupled with short/long squeezes.