SO USING AGAIN ELLIOT WAVE THEORY I ASSUME THIS IS SIMPLY A BULLISH CORRECTIVE WAVE WITH THE TARGET SOMEWHERE BETWEEN THE SHADED AREAS (DOUBLE TOP, LOWER LOW, HIGHER HIGH) BEFORE WE CONTINUE LOWER. EITHER WAY I STRONGLY FEEL THERE WILL BE SOME TYPE OF DIVERGENCE, WHICH WILL INDICATE ITS TIME TO SHORT AND OF COURSE WOULD BE A GOOD PLACE FOR AN ENTRY. LET ME KNOW...
SIMPLY USING ELLIOT WAVE THEORY I ANALYZED THE TREND AS YOU CAN SEE IN THE PICTURE (HOPEFULLY I DID IT RIGHT) AND TRIED TO PREDICT WHERE THE FINAL 5TH WAVE WILL END, (I USED FIBONACCI TOOL) EVEN THOUGH THAT CAN BE DIFFICULT AT TIMES. I AM NO EXPERT YET, SO LET ME KNOW WHAT YOU GUYS THINK I APPRECIATE FEED BACK THE MORE THE BETTER!
