THE DOW JONES ON 1H CHART
WE HAVE TWO INTERPRETATIONS OF THE STRONG SNAPBACK OF MARCH LOWS
THE FIRST ONE WHICH I CONSIDER OUR MAIN COUNT ASSUMES THAT THE DOW JONES ‘S RALLY IS FIVE WAVE UP STILL ADVANCING, ,IT IS LIKELY THAT TWO MINUTE WAVES HAVE BEEN COMPLETED AND THAT THE DOW IN THE PROCESS OF TRACING OUT THE THIRD MINUTE WAVE WHICH IS THE EXTENDED WAVE A, ACCORDING TO THIS POSSIBILITY, DOW IS IN THE THIRD SUBMIUETTE WAVE OF THE FIFTH MINUETTE WAVE OF THE THIRD MINUTE WAVE WHICH MIGHT HIT AROUND 28350
THE OTHER INTERPRETATION, SUGGEST THAT, THE RECOVERY FROM BEARISH MARKET LOW IS WORKING ON AN IMPLUSIVE ADVANCE,AND IS IN THE LATTER STAGES, SPECIFICALLY IN THE THIRD MINUETTE WAVE OF FIFTH MINUTE WAVE OF MINOR WAVE ONE , THE MINUTE FIFTH WAVE COULD REACH 29575 IF WAVE5=0.618×WAVE 1(24764-18212)AS IS OFTEN THE CASE BETWEEN TWO NON EXTENDED WAVES, I THINK THIS RELATIONSHIP ADEQUATE TO THIS CASE BECAUSE THE THIRD WAVE IN THIS COUNT IS SHORTER THAN THE WAVE ONE , AND WAVE 3 IS NEVER THE SHOREST ACTIONARY WAVE
