The first one is bullish shown below.The problem with that count is wave ( 4 ) does not have A-B-C subdivision and got too low. In particular it retraced 76.4% of wave ( 3 ) up. The lowest wave ( 4 ) I am prepared top tolerate is 66.7% ( 2/3) retracement of the preceding rally in wave ( 3 ) up Then we should look at an alternative bearish count below.
Then we are left with the final move down in wave ( C ) down.That ( C ) down is supposed to be subdivided into five waves down. And the February drop is only wave 1 down. We may expect a pullback in wave 2 up targeting 34 – 35 area before the next move down in wave 3 down.
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