The Penguin Park Correction

The Penguin Park correction happens at 5x speed. It crosses the hourly S30 and runs close to 2x fluctuation sizes (60-x pips) within 7 hours. This would represent a complete ABC move.

Case

& case

Bonus: a Loneliness correction that formed a wedge pressing up against the low.

16 hours is up. Bears get to write 5th wave down. The only problem is the eagerness: the 16th hour’s close should had landed at the high of the correction, not the low. Bummer.

What I was trying to say was if you don’t understand corrections, you don’t understand anything. Take it to heart, as I invested 12 years in this.