If you don't consider the internal structure (note1 and note2), then this is the end of the short 5 waves. And from here after already has a wave correct structure of the ABC (3-3-5). Combining the above judgment, will enter a new situation in short.
If we consider the internal structure (note1 and note2), think it is a long before failure 5 waves (note2), then the market go here a ABC corrective waves. Based on the above inference, is creating a market failure to guide the wedge (3-3-5-3-5), and start a new long
We have one kind of situation, is this the correct wave is not over, is creating a Expanding triangle
Conclusion: the above three kinds of reasoning have one thing in common, 1.14 is a very good short position.
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