a short appreciation of a perfect ABC correction from the high
Looking back historically on the fall from the high, it's an outstanding ABC correction.
A+C are both 2700, both take 75.5 days, the B rides the 50% of wave A for a few days before C begins, and C is just identical to A.
Perhaps the most interesting nuance, is the recent low, it happened to bounce right off the 1.272 of wave A, and that also coincided with the 40 days VWMA, it was literally within $0.07 of both.
A+C are both 2700, both take 75.5 days, the B rides the 50% of wave A for a few days before C begins, and C is just identical to A.
Perhaps the most interesting nuance, is the recent low, it happened to bounce right off the 1.272 of wave A, and that also coincided with the 40 days VWMA, it was literally within $0.07 of both.