4 months of sideways action is about as much as you get in a base or distribution or consolidation.
Time is up so expect a violent move.
This Aussie chart shows the 5 wave pattern with internal zigzags.
Yes the final E wave could subdivide but time has probably run out and E waves are always tricky. They can under or over shoot etc., and fail to form a neat pattern.
So rather than expecting a period of quiet into year end, I would watch for a power move.
Extreme Prejudice
Started by
voltaire
, Dec 09 2011 04:31 AM
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