The more extreme bearish view is the nested 1-2 (not shown on chart) down.
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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.
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Thursday, April 2, 2015
4/2/15 - EOD Update
Looks to me like a series of three wave overlapping structures off the 3/26 low. If this is the case, the 60 min chart below shows an alternate count I have for wave b (pink). A possible triangle in the works.
The more extreme bearish view is the nested 1-2 (not shown on chart) down.
I haven't forgotten about the bulls tho. If this keeps chopping, a larger descending triangle may be playing out that forms wave b of (iii) of the large ED highlighted on the daily chart below.
The more extreme bearish view is the nested 1-2 (not shown on chart) down.