As we are labelling the current downmove from 5342 as Ya , fanning out as a 5 wave Impulse, the most convincing labels appear as follows:
On Friday I had tried labelling it as:
On Friday I had tried labelling it as:
but the "presumed" sw3[of extended (v)] from 4988 did not proceed on anticipated lines and the Price-RSI divergence noticed as below resembled a 5th wave :
So the labels were altered.(though I must admit that this (v)=5039-4906 does not satisfy the copy book prescription of an Impulse(its sw3=4989-4925 in particular).
Does that mean Ya is over at 4906 and Yb begun?
Quite likely though one Probability of (v) of Ya continuing as a Diagonal remains where (v)=5039-4906 may continue as a Diagonal in following manner:
(v) in play from 5039 downwards:
sw1=5039-4906
sw2=4906 upwards in play
a=4906-4976=70
b=4976-4923=53
c=4923- up but not above 5039
HI....G.M.
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