On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.
Rolling Downhill: (1) the LED pattern still holds, and for this zigzag 3rd leg, the ultimate target would be 4076 in 2 weeks. (2) in a diagonal, the 3rd wave is normally 1.62 times of the first = 4545-4305. (3) so far, this ongoing "correction" is the longest in time this year.
Alternative Count: (1) for EW counter, at any given time, there are a bunch of alternative wave counts. (2) for the current pattern, I would think the double zigzag, as marked blue on the chart, may have a better chance to prevail. (3) this double zigzag may be W-1 of sth bigger.