wave 5 is completing, looking to short the correction (or new bear impulse)
for this scenario i assumed that the correction already ended and that a new bull market is running. So i expect a wave 3 extended.
For this scenario i assumed that: 1) the bull market started in 2009 ended on october 2018, then started the correction: an expanded flat (ABC) with a "super" wave B that reached the all time high. The bearish impulse we have seen in march, was the wave C. 2) the correction is more complex. So i expect another bear impulsive wave. What do you think? ps: i'll...
Price formed first impulse up of the 5 wave.
The Dow Jones is concluding the ABC corrective pattern. We can see that Wave C has a wave3 extended. My forecast is that the pattern will be completed with the wave5, ending in a rectangle. The invalidation level for this wave count is 23759.