But this should be a 3-3-3-3-3.
( a-b-c- ? - ? )
Does Wave a and Wave c look like three or five waves?
( [i]-[ii]-(i)-(ii)-? )
In each scenario an argument for the correct wave count can be made. The question is do you see fives or threes in the descending waves [i] and (i)? If you see fives then it's bearish. If you see threes then it's bullish.
|This is a classic example of a triangle playing out right now. Notice the explosive actions after Wave e!|
It is common for this burst to be equal to Wave a