Nov. 20th – ES

I’m pasting here what I said yesterday:

“Suspected wave 3 traveled 2.236 of suspected wave 1 and suspected wave 4 managed to retrace exactly .382 of wave 3. So it is all working according to our expectations. We should continue favoring the downside until we see that last leg missing to complete the full structure. Everything else I said in the video regarding the long term is still valid and does not require any adjustment at this point.

NOTE: the correction that should ensue after wave 5 is complete should not move above the downtrend line we extended in the video.”

So far, prices moved in accordance to that forecast. The correction doe snot appear to be complete, perhaps a down(up sequence for a BC missing? Either way, we don’t wat to see the downtrend line penetrated.