Downmove from 5348 is being seen by me as zig-zag ABC in following form:
Now the question is whether A ended on Thursday at 5217.8 or it ended on Friday at 5017.00
If we take A to have ended on Thursday then Friday's move 5217.8-5267.1 can be seen as B and C can be seen as having started from 5267.1 to do minimum 0.62*A=81=5186
If today we go over 5267.1 it would be established that A ended on Friday only at 5217 and B upwards is in progress.
If we fail to go above 5267.1 and breach 5017 then A=5348-5017.8;B=5217.8-5267.1 and C=5267.1 downwards in progress
1150 AM
12.37 PM
If however the UTL gets broken and we go above 5260 then following labels:
And this manifests the pit-falls of EW as the smallest degree waves are open to forming many patterns
3.15 PM
EOD:
Now the question is whether A ended on Thursday at 5217.8 or it ended on Friday at 5017.00
If we take A to have ended on Thursday then Friday's move 5217.8-5267.1 can be seen as B and C can be seen as having started from 5267.1 to do minimum 0.62*A=81=5186
If today we go over 5267.1 it would be established that A ended on Friday only at 5217 and B upwards is in progress.
If we fail to go above 5267.1 and breach 5017 then A=5348-5017.8;B=5217.8-5267.1 and C=5267.1 downwards in progress
1150 AM
3.15 PM
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