Off Track. Revised Count

Okay. the beauty of wave analysis is you can be right and be wrong all at the same time and still make money. I have been saying for some time that the trend is still basicly short. I thought it was making a triangle but the break of 1.6192 tells us it is not. So what happened. Easy (a) was actually 5 waves rather than 3. You can see this from the below chart. wave i was extended (something I have not seen before at that degree). If you measure it, it all works. wave iii is not the shortest. So i think the current labeling is correct and the long correction is very close to being finished.  One more rise above 1.61936 and it should be finished. (how far is hard to say but I think it will stay under 1.6220 but we will just have to see) That will end wave {iv}. After that I am looking for equality with wave {i} which should take us close to 1.5600