Same question, has wave 1 of major wave C ended ?
US market rose sharply higher on Monday. Dow rose 2.5% after 2 hours of trading.
If Dow is unable to break the 11,500 level it is like that Dow remains in sub-wave v of wave 1 as shown above.
However if Dow is able to move above 11,500 level, the possibility that wave 1 of major C has ended as shown as Option 2 above. I personally feel that Option 2 has a lower probability if the European markets have yet to complete their respective wave 1.
German DAX is currently having its sub-wave iv rebound.
French CAC 40 is similar to DAX, it is having its sub-wave iv rebound.
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