Simple science here...or is it? There's two ways to count it. EW is a great guide, although it is subjective sometimes. I have one of these examples plotted. I have in the past got frustrated doing EW count because of this exact reason. I like EW don't get me wrong, I appreciate and respect it very much.
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The point is for this chart is it going to be the blue count or the red count ..
Will price end up being bearish or bullish..
I did find an error with math no big deal for this example.
Will price end up being bearish or bullish..
I did find an error with math no big deal for this example.
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now 4 % away from Bear Country
price goes past blue #1 ... bearish trend
price goes above the recent high ... bullish trend