It looks like we've reached a top of wave 2 for the current C wave and we're know preparing for a move further down. I've drawn a possible pattern we could follow the next weeks. Wave 1 of the C wave was 155 points, so we should see wave 3 be even large then that - possibly moving down to around 2900 before wave 5 could reach 2800 which would act as a very strong...
It looks like we found the top of wave B, the question now is how far will we move down for wave C. I could see the markets going down to 3000 to test support for wave 1 of wave C, and then bounce back up to 3100 for a wave 2. Since friday and monday typically are bullish days i can see that wave 2 will mainly happen tommorow and then a little into monday. Wave 3...
Hello i would just like to show my Elliott Wave count. It looks like we're finishing a wave b which will top out at around 3200 and then move down for a wave C. If the market moves beyond 3200 the count would instead be bullish and we're in an impulse wave so we will have to wait and see. I added the cycles to give some perspective for when these things could happen
Like i mentioned in my last analysis, we would probably top out at 3200 - which we did. We're now in a corrective move but how far will we pull back? I couldn't quite capture it on the chart, but the current wave A is in it's third wave, so we will see it bottom out soon after which the corrective b wave will move up to around 3100. After this move we will see a...
Could top out at 3200 around monday-tuesday and then looks bearish untill around 3000 to test support on 200 day moving average, but mid-long term very bullish - somehow?
Hello, i don't know if similar counts have already been posted but i have grown pretty tired of bears trying to justify another huge drop with the "Wave C!!11!!" - comments. Wave C has already happened.
It looks like we have had a bullish trend confirmation as shown on the chart, but we need to still be wary since the underlying economy is in shambles.
In the...
