(1) still in wave-iv-down of [i]-down. Wave iv could be a double three or a triangle.
(2) with a lower likelihood that stocks are already in wave [ii]-up of 3-down [or [z]-up of 2-up]
(3) with even lower likelihood that stocks are already in an extended v-down of [i]-down.
See Chart 1 for illustrations. Chart 2 offers the larger picture bullish and bearish counts.
