On Wednesday I highlighted a trend developing at all levels during the formation of fives waves up from March '09 bottom, wherein second and fourth waves consistently are unfolding with altering biases. When second waves unfold with a sideways bias, fourth waves unfold with an upward bias, and vice versa.
Lo and behold, in the unfolding of five sub-waves forming wave 5 (of five waves up from March '09 bottom) this same characteristic is being revealed...
You see this in the formation of wave ii of 5 (upward bias) versus wave iv of 5 (sideways bias).
You see it again in the five sub-waves forming wave v of 5. Wave 2 of v of 5 has a sideways bias and wave 4 of v of 5 is unfolding with an upward bias.
You also see this same characteristic contrasting the second and fourth waves that unfolded in forming wave 3 of v of 5 (the second wave had an upward bias, whereas the fourth wave had a sideways bias).
Well, how about that! And so, just how close is completion of the fifth wave of five waves up from March '09 appears crystal clear.
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