B Wave? - Market Analysis for Jun 24th, 2019
I had some questions about whether this is a B wave here.
One of the rules of a B wave in EW is it CANNOT BE FIVE WAVES. So, in all probability we do not have a B wave.
However, this can be an A wave of a larger B wave. Right now, if we retrace .618 of the b of that big B, I get the A=C for all of B at $33K...See Circle.
While this is not likely, it is still a possibility I must pay attention to when we get there. How will we know it is in play? A break of support in 5 waves. When we're in such a massive '3rd' wave, don't worry, I'll post support for the entire move.