My preferred count remains that a triangle is unfolding as wave 4. If this count is correct, then the ongoing wave D rally should complete in the 4,390 - 4,225 area for a final zig-zag or series of zig-zags decline(s) in wave E towards 3,655 to complete the triangle consolidation and wave 4 for a strong impulsive rally in wave 5.
In my September 14 post. I called for wave C to complete near 3,300. It did extend below that point and bottomed at 2,972, but no matter what, this should be the lowest point of the wave 4 correction as stated then.
As there seems to be a tendency for extended wave five rallies, I will be looking for an extension this time too, which could cause a rally in wave 5 all the way up to 9,150...
In my September 14 post. I called for wave C to complete near 3,300. It did extend below that point and bottomed at 2,972, but no matter what, this should be the lowest point of the wave 4 correction as stated then.
As there seems to be a tendency for extended wave five rallies, I will be looking for an extension this time too, which could cause a rally in wave 5 all the way up to 9,150...
