CLIFF NOTES: in the world of Elliott Wave, a FLAT correction can be thought of as a big N. It’s Friday night and I don’t feel like relabeling the count. Suffice it to say our target in the 1.3680-1.3700 area still holds. I’ve tried to put the N in perspective so you can see. The key here is the C wave of the FLAT has to be 5 waves. I can see that count playing out so an expectation to deploy capital on the short side should occur next week. It’s taken longer than I thought it would …but it is playing to the sheet of music that I’ve been reading.
