No matter whom's EW count you wanna go with, currently the mkt is in a corrective 4 wave up , about to hit a five part 5 wave down before embarking on either a little corrective wave up or a big one.
So... "HEADZUP, LADIES!!!"
Know your enemy and respect him.
Wave Forms in Corrective WaveCorrective Wave forms are rather complicated, but basically we can categorize them into six major wave forms:
Zig-Zag : abc pattern composed of 5-3-5 sub-wave structure.
Flat : abc pattern composed of 3-3-5 sub-wave structure, with b equals a.
Irregular : abc pattern composed of 3-3-5 sub-wave structure, with b longer than a.
Horizontal Triangle : 5-wave triangular pattern composed of 3-3-3-3-3 sub-wave structure.
Double Three : abcx-abc pattern composed of any two from above, linked by x wave.
Triple Three : abcx-abcx-abc pattern composed of any three from above, linked by two x waves.
