New trend confirmed by Elliott Wave

Running Flat 3-3-5 had ended.
1. wave 4 never overlapped territory of wave 1, today's action concluded this 4days rally isn't wave 4 but a new wave.
2. truncation, failure wave 5 that reaches behind the end of wave 3, occurres after strong wave 3. Shape declines early this month could be considered as a "strong wave 3".
plz make comment

This all has a look of a leading diagonal to me. It won't take much time to tell.

JahDave said:

This all has a look of a leading diagonal to me. It won't take much time to tell.

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good view, thats possible too, but one thing is that, according to statistics, July's return has a positive bias in the past 60years on both monthly and weekly basis. i will have a post about this soon. (still working)