Recently the wave b(IV) count failed when we broke down through 2060 yuan denying the impulse that formed from 2035yuan. The motion downwards is impulsive. wave b's cannot be impulsive. Then what is this? could easily be part of wave major V that we expect after wave IV is completed.
But where are we in the stage of wave V then? This is the most fitting count - we are almost finished. I mentioned in previous publications that wave V would likely be truncated because wave III was over extended. Now that we approach wave III lows, it is the moment of truth for this here complete wave V count.
How will we confirm that major lows are in and we are ready to begin the next major bubble to $1000+? obviously, a rally thorugh 2500 yuan would confirm this. otherwise I will be watching closely for impulsive action from 275 lows.
But where are we in the stage of wave V then? This is the most fitting count - we are almost finished. I mentioned in previous publications that wave V would likely be truncated because wave III was over extended. Now that we approach wave III lows, it is the moment of truth for this here complete wave V count.
How will we confirm that major lows are in and we are ready to begin the next major bubble to $1000+? obviously, a rally thorugh 2500 yuan would confirm this. otherwise I will be watching closely for impulsive action from 275 lows.
