Friday's price action made me take a detailed look at the internals. I've gone over every single minute of this one, and can only propose two 3 wave moves at primary degree where the recent correction entered into (1).
I am confused. Anomaly? 3-3-3 against the trend? Macro trend still down?
March to June 2020 is a 3 wave move. I've seen people assume this to be a 5 wave move, but nobody has proposed a convincing count.
October to December 2020 is 5 waves, heavily distorted when Biden appeared to win and Harris came with her pro cannabis propaganda. (not entire sure if the triple three WXYXZ is not just a double three WXY, but targets remain the same.
Then comes the bit where the entire industry suddenly went parabolic.
Normally, when waves enter into each other's territory, we consider subdividing 1-2-i-ii, but in this case, I see no alternative where such subdivision wouldn't lead to motive waves where the internal third wave isn't the shortest.
In other words, I am confused. Is (1)(2)(2) part of a cycle degree B wave and are we looking at a primary degree WXY? That makes no sense to me.
I am confused. Anomaly? 3-3-3 against the trend? Macro trend still down?
March to June 2020 is a 3 wave move. I've seen people assume this to be a 5 wave move, but nobody has proposed a convincing count.
October to December 2020 is 5 waves, heavily distorted when Biden appeared to win and Harris came with her pro cannabis propaganda. (not entire sure if the triple three WXYXZ is not just a double three WXY, but targets remain the same.
Then comes the bit where the entire industry suddenly went parabolic.
Normally, when waves enter into each other's territory, we consider subdividing 1-2-i-ii, but in this case, I see no alternative where such subdivision wouldn't lead to motive waves where the internal third wave isn't the shortest.
In other words, I am confused. Is (1)(2)(2) part of a cycle degree B wave and are we looking at a primary degree WXY? That makes no sense to me.
Comment:
Based on (4) entering (1), I am proposing a macro degree corrective structure.
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