This count has served me well!!! This correction is difficult to trade.....Cheers!
Pretty straight forward, inside the channel is bearish and outside is bullish.
If the correction is complete, this would be (1) scenerio for the count.
My top alternate count for this sizable correction.
Extended 5th wave is an alternate count for me. Ha! Reminds me of trading the stock market in March 2009.....what's the rule of thumb? When everyone is bearish, that's when you become a bull. So, I'm either extremely brave or a complete lunatic!!! Either way, I promised myself I will never let the market create that kind of fear and anxiety in me ever again! It...
I've labelled the "alt count" as such, even though I favor it best. For me, it's not a matter of making the right call, as much as it is, knowing the difference. Either outcome will be decided by the market, and we shall see! My intent is to offer as much detail and insight as possible! I'm forever a student of Elliot wave, so here's to learning!!! Have a great day!