If I do enough of these, one will be right. And I'll be hailed as a genius.
Looks like wave B was shorter than I thought. Not sure that I've got wave 4 of wave A right, though.
This is to complete the retrace of the larger Wave 4.
And we're about to drop again to finish Wave C
I *think* Wave C is not yet complete. We're in wave 4 of Wave C.
This time I take into account that "a triangle always precedes the final move," so the end of Wave B actually occurs on Jan. 20.
A little more difficult on Stamp
For you Elliott Wavistas out there, I'm thinking 780 is a good spot to go long for Wave 2 of this Wave C. Making Wave v equal to Wave iii gets us to 780, plus its a 50% retrace of Wave B. Plus it's been a resistance level. OK, tear me to shreds.
My EW analysis suggests we are going up to about 1180 before we turn down for Wave C. Here's why. If we're in a Flat ABC, then Wave B must retrace at least 90% of Wave A. That means we have to hit 1168 minimum on Wave B. Breaking down Wave B, we would have to be just starting Wave v. Wave v is often equal to Wave i on an impulse wave. And if we make them equal, we...