So, the upward count failed miserably, should have seen it coming really... weak bounce from lows, 90% retrace etc.
Anyways, this extra downside does not change a whole lot to the count, the double zigzag down becomes a triple, the decline is wedgie and I think we'll break out of that wedge at some point... New highs I cannot guarantee though, not with a count that has only zigzags...
Anyway, I wanted to give you a quick update on the count, I don't have much time but hopefully this quick post will help you somehow :
So we are in another zigzag down for Z. c of Z was very hard to count live, it must have started with a small leading diagonal and then a running 2nd wave, then an ugly third wave ... such a powerful move is hard to count. There was a bigger bounce at the end, not really sure that is enough for a 4th wave.
More later!