just out of curiosity i was curious to know what kind of wave one we had... it seems wave one was a leading diagonal. leading diagonals are usually deeply retraced...
i believe the final wave v of (c) is in progress... next level is 22K which is 161.8% of wave one (typical ratio)
i believe the final wave v of (c) is in progress... next level is 22K which is 161.8% of wave one (typical ratio)
Komen:
(expanding leading diagonal)
Komen:
note: it's possible we could have a wave v failure i.e. market too strong to move below wave iii. as long as we can count the five sub waves it should be ok.
Komen:
as can be seen, wave v was an expanding ending diagonal...
Komen:
leading diagonals occur in wave 1 or wave A of a zig zag... so by definition, 17234 will be taken out either as wave iii (which i believe it the case since red 5 needs get moving) or as a c wave if that is what you believe... in either case the direction is the same