The weekly bearish wave that was highlighted on Sept 22nd, is playing out exactly as anticipated. The "bumps" were an indication that the wave was not stable and that they may spawn some small bullish waves. That is exactly what happened.
After a sharp sell off, a bullish wave formed on a smaller time frame (4 hour). The wave had bumps indicating potential resistance to a rally. That is exactly what happened. Resistance at the first bump, retry on new low, rally to second bump. More resistance. (Wave not shown.) (See lesson on "bumps" and "stop box").
The overall picture is now even more ominous. Price and time are being squeezed to a pinnacle. (See examples of ETA and EPA.)
"Pressure points" on a monthly bullish wave (not shown) call for price to be "pressed down with a vengeance." (See lesson on "pressure points.")
Be sure to re-read all lessons on "bumps" and the "stop box" and for sure "pressure points."
