Thursday, April 7, 2016

Interesting -- !

I can only say, "it bounced in the right location" for a fourth wave - 4. Still it needs to hold. Whether it will is going to likely determine bear from bull count.

For those of you skilled in Elliott Wave, there appears to be an ending contracting diagonal. It 'could' be for v of 3. It could be for v of C. There simply isn't a good way to tell without further price movement. There is now, however, excellent alternation between a second wave, 2, as an expanded flat and a "sharp" or zigzag for wave 4. In short, it's not over 'till it's over.

Cheers and enjoy the chart!

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