US30 is moving beautifully with Elliot Wave Theory so far this week. Here we see a correction after the W3 impulse then bottoming out to complete the W4 structure. Now we're starting to form a really nice sub wave within the last impulse wave on the higher time frame(W5). The sub wave (1) shot up then came down to create sub wave (2), which rejected the 61.8% fib...
A majority of the beginning of this week we saw US30 decline, almost at a rapid pace. This was due to the end of a long term Elliot Wave Cycle 5 at the top, then that rapid decline was an ABC(3) wave correction downwards which is where we just had our first W1 and W2 of a new cycle, with W3 in the midst of an impulse wave.
