SUMMARY
Note: Tons more details in the video!
With the decisive breaching of the very resistant upper white trend line, I believe there are a couple probable pathways; both leading to the same destination...UP! The below chart shows that perhaps blue wave 5 is not yet complete. To this end, the abc red marks the correction the the blue subwaves provide the pathway to $11,327 or so.
The more bullish read is to say that all five blue waves are complete and so that means wave 1 (purple) of 3 of 3 is complete and wave 2 (purple) is nearly so, if not already. That means some serious orgasmic lunges upwards are to be had. More details in the video.
Longer term shows that the Right Shoulder is not yet complete and so price needs to breach the Neckline at $11,559 and onece that is complete, $13,157 would complete wave 1 of 3 of 3. So, there is much more to come!
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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