7 June 2019


As expected, the counter-corrective Subwave c (brown) has started to form, trying to get back into the correction channel. It remains to be seen how high Subwave c will go and how long it will take to complete. Its completion will complete Wave B (brown), which will continue into Wave C (brown) downwards. This is provided the wave count is correct.

Wave C will be very deep, falling to the level of the end of Wave A (brown) at 2955 or lower. If you are a risk taker, you can get into the market for the short term, and quickly get out at the top of Wave B. Otherwise just wait, as stocks will be much cheaper at the end of Wave C.

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