Notice the black parallel lines containing this latest rise, 5 Circle Primary.
Now notice the pink lines that actually mark the ends of i, ii, iii, and iv and notice that it is actually slightly narrower at the top than the black parallel lines. v appears to have ended shorter than iii as we can count a sub-minuette impulse in its structure so all the rules for an ending diagonal are intact.
Now notice that OBV of 5 Circ is even more negative than it was for 3 Circ...so its a weak fifth wave.
If the current high of 221.37 is not exceeded then this may be the end of the 5 Circle Primary wave...meaning there is a real chance for a medium term short down to ~66...
Now notice the pink lines that actually mark the ends of i, ii, iii, and iv and notice that it is actually slightly narrower at the top than the black parallel lines. v appears to have ended shorter than iii as we can count a sub-minuette impulse in its structure so all the rules for an ending diagonal are intact.
Now notice that OBV of 5 Circ is even more negative than it was for 3 Circ...so its a weak fifth wave.
If the current high of 221.37 is not exceeded then this may be the end of the 5 Circle Primary wave...meaning there is a real chance for a medium term short down to ~66...