Small Buy for Wave 4 followed by Wave 5 SELL (ELLIOT WAVES)
Hey guys so Wave 4 did not complete as a ZigZag at 1988 instead its actually doing a Flat structure in the major timeframe. Meaning we may still see a small push up to the 2008 - 2012 to complete Wave 4 within the Minor Wave 1. After that we may see price dropping for another 5 waves down to complete Wave 5 to complete the Minor Wave 1. Another support to this analysis is that the Pivot Point Levels line up perfectly as well. We can expect Wave 4 to close somewhere close to the Pivot Point Levels whereas our Wave 5 down can be expected to close somewhere at the Support 1 Levels below.
Good Luck
Good Luck
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