SUMMARY
EOS is still well within the broadening pattern. Price had touched the bottom line and bounced. Even if the bottom line is touched again, it'll be a higher low. This means that Elliott Waves are well in effect. That means that waves abcd (blue) are likely complete and e could be in the works.
The initial round of impulse is shown to have the below Elliott Waves. I believe the whole set of waves needed to rise towards the E wave will be a bounce off the higher low.
The microwave, closeup, shows that wave 1 is likely done with the abc being an expdended flat. IF so, then the five subwaves of the C wave is shown with 1,2 complete and 3 nearly done with 4 and 5 next.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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