That extended 3rd count i posted yesterday looks like its come off with a truncated 5th this morning. Now we go down for a retrace before a bigger move up
On the 5min scale i can already count 5 waves down from 10.15am today and that was 5320 (top) minus 5282 (bottom) which gives us 38pts. If those were the first 5 waves down of a 5-3-5 zigzag, we retrace 38.2 which takes us back to 5296.
If A = C 5296 minus 38pts gives us 5258 which is a point or two above the 50% retrace. I'll be looking to go long there
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