tag:blogger.com,1999:blog-4251274909260261631.post4338969336432354141..comments2024-03-28T08:36:02.955-04:00Comments on Elliott_Trader: Poor CloseElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4251274909260261631.post-29932629149959845362018-02-07T20:21:16.347-05:002018-02-07T20:21:16.347-05:00There are many more possibilities.There are many more possibilities.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-39659738812800674922018-02-07T19:55:27.907-05:002018-02-07T19:55:27.907-05:00Because today's high retraced almost 50% of th...Because today's high retraced almost 50% of the entire decline, then it has done enough to say that 2873 to 2593 is a completed wave. That decline can be counted as either 3 down or 5 down. The rally today completed a corrective wave from 2593. So, the possibility exists that it declines another 280 points straight from today's high, which would complete a zig-zag and also complete a 50% retracement of the 2084 -2873 rally wave. Of course, it's also possible that today's high only completed wave a of a flat, which means it comes back down to 2593 and then back up to 2730 before another 280 point downward impulse wave occurs.mblctahttps://www.blogger.com/profile/07740912421131972048noreply@blogger.com