The EW patterns have not worked consistently again, but it is not for the sake of us not knowing our counts, but more of the wide variety of choices that bests play against us. 21 different pattern vs. a buy or short toss up. You are better off doing the latter as it gives you a 50/50 chance. But don't count EW out just yet, because we can use it better as guides than for its counts. That is to figure out if a correction or impulsive move was just made. Clearly the move up from the lows made on the 24th is an impulsive move. It is also clear that our indicators have been working well with our short-term being on an uptrend for 14 days straight while our mid-term although unconfirmed has been up for 4 days. Therefore Monday July 8th was our earliest change in trend since both indicators became in sync with each other. It was also a day after our reactionary weekend of July 6th and 7th called by Prandelli as a LOW (not actual low).
Mid-Term: UP (Unconfirmed)
Short-Term: UP
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