Here is how I have been counting this mess lately.
I try not to go into the smaller timeframes when corrections like this occur. As you know Prechter advises a 1h chart, I find the 4h to be pretty accurate when it comes to more complex patterns like the ones we have had over the last couple of weeks.
I find a series of double zigzags and currently a double zigzag into a diagonal triangle. I think this move will end soon and trendlines shown are being respected for now.
Diagonals are very specific as they only occur at certain points in EW, and because of the specific diagonals in this chart I will keep this count as my primary count.
In this chart we see leading diagonals and ending diagonals in A and C waves.
I try not to go into the smaller timeframes when corrections like this occur. As you know Prechter advises a 1h chart, I find the 4h to be pretty accurate when it comes to more complex patterns like the ones we have had over the last couple of weeks.
I find a series of double zigzags and currently a double zigzag into a diagonal triangle. I think this move will end soon and trendlines shown are being respected for now.
Diagonals are very specific as they only occur at certain points in EW, and because of the specific diagonals in this chart I will keep this count as my primary count.
In this chart we see leading diagonals and ending diagonals in A and C waves.
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