Two Alternatives Again
We continue with the two alternatives from last week. The first alternative above has Subwave 3 (brown) forming. It should rise above the top of Subwave 1 (brown) or else it would be invalid. These are subwaves of Wave 5 (red).
The second alternative is as shown below. It is a continuation of the underlined counts in the chart last week. Wave 5 (red) has topped and Major Wave 3 (blue) has completed. Now Major Wave 4 (blue) has started. Since Major Wave 3 (blue) is about 10 months long, it is expected that Major Wave 4 will be very long, meandering sideways. Shown in the chart are two subwaves, Wave a and b (red). Presumably, there will be a lot of uncertainty in global markets after Trump becomes President.
