Watching futures...anything can change by morning but taking that into consideration, still looks like a B, Now needs a slight modified count. Basically the same pattern though
Slightly bigger picture
And finally, one more possibility. This one looks more likely now, especially given current status and all the similarities.
ATH are definitely in at this point. Nothing goes straight down though and we should see some big bounces in between large declines.
There are going to be a lot of huge moves overall and timing price can get tricky. Not hard to be off by a lot considering the size of the pattern.
Here's more detail on why I think the C wave between Oct-Dec 2018 looks a lot like the one now. They have very similar parts, patterns, gaps, not just in price but on indicators too.
So I actually think this is now the most likely path given all the parallels.
In 2018, the second leg was 0.91 in price compared to the first. Assuming the same, the first leg down from 3390 to ~2860 was about 530 pts. x0.91 gives us 482 off the recent peak ~3130 to target 2650. Decent chance we see this by Tuesday.
Strong bounce to follow and one more lower low maybe to ~2630 which happens to be 200 week MA and also the lower channel line on my ABC-X-ABC from 2009. Nice...
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