I've posted the overall bullish path without much of an elliot wave count, but this is a revised count, where I have applied some math to the current wave 3 top, which forced me to use my alternate bear count from the 2017 top. Either way, it doesn't really matter, but details are details, so here it is. I'm looking for a Wave 3 peak at $10,847.50, so let's see how it goes! Obviously, 8400 needs to be conquered.
Regards!
Regards!
Note
For those that are not familiar with a 'running flat', they usually occur in the 2nd wave of the overall structure. The "c" leg of the structure is truncated short of it's normal target (lower than the "a" leg), due to the fomo buyers getting in early, which then begins the 3rd wave of the structure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.