looks to me like ada is close to completing a Flat correction.
if we assume that its completed 5 waves up on the higher degree, then we have a conservative count that at least would give us an ABC for the X before the next leg down.
the bullish outlook would have the flat complete the 4th and begin a new impulse for the 5th, but i'm not betting on that count unless the conservative count is invalidated.
if we assume that its completed 5 waves up on the higher degree, then we have a conservative count that at least would give us an ABC for the X before the next leg down.
the bullish outlook would have the flat complete the 4th and begin a new impulse for the 5th, but i'm not betting on that count unless the conservative count is invalidated.
Comment:
the count for the 1/2 is invalidated, so back to original count with this being the 4th.
looks like a leading diag for A and an ending diag for C.
the count for the 1/2 is invalidated, so back to original count with this being the 4th.
looks like a leading diag for A and an ending diag for C.
Comment:
the x is in and we are now working on the ABC for the Y.
i'm revising the count here.
it looks as though the 4th and 5th i was looking 4 came in falling short of my target.
based on the leading diagonal that followed and the beginning of a flat correction i'm now expecting a 1/2 as shown in the image above.
ill be keeping an eye on it and update soon.