15 February 2019

Still Sideways?

In my wave count I have assumed that the corrective Subwave ii (brown) has ended, and now Subwave iii is forming. However the wave structure does not have the characteristic of a wave iii, at least not as yet. It seems to be more likely to be going sideways. But the wave could suddenly spring upwards next week, perhaps above the resistance at about 3273. Let us hope.

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