SUMMARY
The fractal that was discussed during today's morning update is still in progress. The move thus far looks three wavish as an abc. The final C wave could be complete if the white 1,2,3,4,5 waves complete.
The primary count shows that the Right Shoulder (RS) could decline to $9,830 or so. IF the RS formation is in progress, then this remains bulish. The volume thus far remains confirmatory.
At a smaller degree of trend, there is a smaller Head & Shoulders top pattern in the works. This could bring prices to the $9,800 or so zone.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
