Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
The previous chart count is incorrect. I have more data with this current chart and with that I know where wave (0) begins. We are still working on impulse wave (3) and price target remains the same @$40. If this count is correct then we might see something crazy; the sub cycle waves are in with wave 1 $8, wave 2 $1.5, wave 3 $15 and wave 4 $1.8
Wave 4 went right where wave 2 is so this is the bottom for wave 4. Going any lower will invalidate these counts. If the counts are correct then we should be working towards the last impulse wave (5). This sub cycle wave 5 is long and it would make up for the length of the current cycle wave (3).
Link to previous chart:
The previous chart count is incorrect. I have more data with this current chart and with that I know where wave (0) begins. We are still working on impulse wave (3) and price target remains the same @$40. If this count is correct then we might see something crazy; the sub cycle waves are in with wave 1 $8, wave 2 $1.5, wave 3 $15 and wave 4 $1.8
Wave 4 went right where wave 2 is so this is the bottom for wave 4. Going any lower will invalidate these counts. If the counts are correct then we should be working towards the last impulse wave (5). This sub cycle wave 5 is long and it would make up for the length of the current cycle wave (3).
Trade active
Still waiting on EOS to move. The EMA's are starting to curl up.
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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.