the alternative is Wave 3

The above chart is from www. stockcharts.com/

In the previous blog I said that we were in wave 5. However, I realize that upon looking at it again, I now think we are in wave 3. As noted in the previous blog wave 4 was definitely larger than wave 3. This is unacceptable to me. So, I am now stating that we are in wave 3 which makes more sense. Wave 3 will be longer than wave 1 and much more violent. I believe this wave is in the beginning phase and will be quite exciting. Best to your trading.