Good question Schweizer. Looks like the only alternative is to put a big "A" on top of 5,400 on 2/23, a big "B" below 5,260 on 2/26 and the current wave is the terminal "C" wave of the correction. Label that "C" wave terminus as (ii), also, This will likely close that pesky gap at S&P 1,115 if the move continues to the U.S. markets.
So what is you new count as it did exceed black ii at the open.
Schweizer135 2 years ago
Good question Schweizer. Looks like the only alternative is to put a big "A" on top of 5,400 on 2/23, a big "B" below 5,260 on 2/26 and the current wave is the terminal "C" wave of the correction. Label that "C" wave terminus as (ii), also, This will likely close that pesky gap at S&P 1,115 if the move continues to the U.S. markets.
ElliottTrader 2 years ago