I'm concerned. I'm a neophyte so don't take this as criticism but inquiry. There is no volume or news to start a massive volume spike. I know TA is quantum so news follows price. Still, I'm not getting the feel of a trend reversal right now. Maybe that is how they start low and slow. But I kept looking at your second chart above of the daily and your count is not what I am seeing. In the 1st Fractal I agree with your red abcde. This would be the start of a zig zag. Then don't you get an abc? I see an abc, but it would end at what you have labeled the blue b in the 2nd Fractal, at least as I see it. (also, with your labeling of the 2nd Fractal the blue b is above the end of the abc middle leg - is this right?). So to carry on my analysis, I see what you have labeled a blue b in the 2nd Fractal as the starting point of the third leg of the zig zag which should have another abcde down. I see your blue c as the point that should be labeled my a on this third leg of the zig zag, which means your blue d is my b and we are presently on my leg c, which cannot be the shortest section of the abcde down. All this means that we have a ways more to go to the bottom from my perspective. Your thoughts? What am I missing?
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