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Wednesday, June 6, 2018

6 June 2018

The ascending diagonal divides into 3-3-3-3-3, so Wave (v) divides into (a)-(b)-(c).  This detailed count of Wave (c) of Wave [i] is from the Bullish chart so the degree of the nomenclature is different than the Bearish chart but the count is the same.  Unless Wave (v) extends, this surely must be near the end of this diagonal. Elliott Wave allows for the fifth wave to either pass or fall short of the trend line.  It's anybodies guess after this.  If it comes down with the force of a freight train then maybe the bears win.  Unfortunately a Wave [ii] can correct the entire length of Wave [i], so it's not going to be easy to know for sure until 2529 is violated. 

Is it [1]-A-B-[ii]  or A-B-(4)-[i]


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