Here is an update on the daily chart and in the channel.

One thing to notice here is how the waves get shorter and move closer to trendline as it nears the end of the pattern.

This is pretty typical appearance in the channel formation. It helps identify the impulsive waves versus the corrective waves.

One thing to notice to help trade better is the -3B- wave. Notice how it hit the trendline twice. This is normal and if one takes the trendline on the -1-2- copy it and put it on the otherside they will know where to exit at. Especially on the smaller frame charts. This one did not quite touch but most of them do. The fifth waves of the third wave seldom fails like this one.

This is the count I am workig on.

charleydan
www.sillywaves.blog.com