The new year starts with a bang called wave C.

If this is correctly identified as wave 2, we will see the beginning of a new impulse wave within the next 48h.

The bearish alternate count looks like this and expects an ending diagonal in wave C of Z of 2 to end the bearmarket:

I don't care which of the two it actually turns out to be. Both are fine because upward movement is expected to start at the end of January at the latest.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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Have a nice day :-)

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