Stock Market Analysis With The Elliott Wave Principle
-Dow Jones, S&P 500, Russell 2000, Nasdaq and FX.
All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
It looks like this push up is too big for your [4] now. I like the drop to this morning's low as a c wave and now we're making a b. Still works for your larger count.
I had been looking for one more push down this morning to complete a "5" and was going to buy that dip for a trade. But it never happened, of course, and we never got a good RSI div, which points to a c wave too.
Gold and miners look like they need another drop to a new low as well before taking off again. That works with this as well.
Grand
ReplyDeleteIt looks like this push up is too big for your [4] now. I like the drop to this morning's low as a c wave and now we're making a b. Still works for your larger count.
I had been looking for one more push down this morning to complete a "5" and was going to buy that dip for a trade. But it never happened, of course, and we never got a good RSI div, which points to a c wave too.
Gold and miners look like they need another drop to a new low as well before taking off again. That works with this as well.
"and now we're making a b"
ReplyDeleteThat's a bit confusing. A "b" of one larger degree than the "c", is what I meant. So using your legend it would be [B] as part of a flat for red ii.
Right on Onlooker. thx for the feedback and for viewing
ReplyDelete