Good evening

Quick update. In my last post I was looking for a potential fourth wave as a triangle, but things haven't been going as planned. There was a fake break-out on Monday and today there is a nasty sell off.

I have revised the count as follows :

I now assume that our fifth wave of our impulse ended in a truncation, and we would now be in a double zigzag correction. It is very common that corrections waste more then the actual impulse. How low will we go? I said it earlier today on Twitter, I don't think we'll go much lower then (W). Looks like there is one leg down missing though. Because we are counting from a truncation it makes the count a bit insecure, keep that in mind. 

If count is correct we should start an upward 3rd wave after this corrective and that should be obvious and give us a higher high. We'll see what happens.

That's all for now.

Lots of Love,