I should have known that the peak of the backlink was not the real peak but only rather W3 of 5.
Per below, the peak noted above was a peak but not the peak. I knew this was possible which is why I stopped drawing lines at 3 (or C of 4 in this case). But with the recent wave action I would say we are at 95% probability of the peak in place or within days of being in place (I would like to see a 5th wave throw over...). The subsequent 3 wave pullback should bring PCLN down to the $550 area which is the level of the prior 4th.
Sunday, November 1, 2015
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