We now have a proper "(c)" wave (if that's what it is). However prices need to hold above (a).
Tuesday, October 11, 2016
The wave count is still holding up overall. As long as the market remains in a viable triangular configuration, we'll stick with the count. A lower low (such as overlapping wave 1 of (5) peak price) would force a change in medium term count.
Posted by Daneric at 6:43 PM