The double zigzag is still intact with a slight adjustment. Wave -x is an expanded flat and it looks decent. Wave [a and [b both look like three wave structures and wave [c as the impulse 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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Wednesday, January 27, 2016
1/27/16 - EOD Update
The market continues to chop up and down. Today the most bullish triple nested 1-2 option and nested 1-2 was invalidated.
The double zigzag is still intact with a slight adjustment. Wave -x is an expanded flat and it looks decent. Wave [a and [b both look like three wave structures and wave [c as the impulse down.
Daily MACD is about to cross up so I still favor wave -y to come at the least.
The double zigzag is still intact with a slight adjustment. Wave -x is an expanded flat and it looks decent. Wave [a and [b both look like three wave structures and wave [c as the impulse down.