October 4, 2016 – C-wave Down (with expanding diagonal up and down to begin)
Note that C-wave down – that first portion – could potentially have a lot of up and down – in the form of an expanding diagonal as this happened on October 4, 2016.
We are looking at the c-wave going into 2135 – which begins with a b-wave overnight bounce/consolidation. However, as the c-wave went down, there was a lot of volatility -so it’s not always clear that the c-wave will happen.
That said, when this set up is in place — it is ALWAYS recommend to not buy UNTIL the afternoon — do not buy in the morning – as the c-wave will at least need into the afternoon to finalize.