My humble thoughts on this phase of the elliot wave zig zag portion. If we break below C then this will be the last leg down and not much further to go. That would complete the ideal ABC zig zag structure. If we instead push up to D then we either completed the ABC with a flat bottom or we move on the the rarer ABCDE zig zag. This ABCDE zig zag would coorelate with typical market down days and Oct 3-4 being a very common up day.
"At least 50% of the whole game is the general market."
-William J O'Neil
"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9
-William J O'Neil
"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9