Overview: let's review the update of September 29th:
Update: the accuracy of analysis is obvious if we look at the current hourly chart. Now, I see us in wave 2 of c of (III). Note that I did not include the lower-degree counts on the chart so it would be cleaner.
I have an alternate count where I see wave a of (III) near completion, but that's of low probability for now (when we see more price action, I may switch to that count as my primary).
- With the price action of today, I think we have 2 possibilities left for wave b of (III): it's either a triangle or a flat (I prefer the triangle, but it doesn't mean the flat scenario is not possible).
Update: the accuracy of analysis is obvious if we look at the current hourly chart. Now, I see us in wave 2 of c of (III). Note that I did not include the lower-degree counts on the chart so it would be cleaner.
