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Thursday, June 26, 2014

Elliott Wave Update ~ 26 June 2014

Here is the proposed extended wave 5 in a detailed count using the Wilshire5000.

A convincing argument that this structure is correctly started is by way of a small leading diagonal triangle at the beginning.  Among all the other arguments presented in last night's post, that little LDT only makes sense at the beginning of a new wave structure as we have labeled, specifically Intermediate wave (C).

The channeling for the subwaves of Minor 5 is narrower which also makes sense.
Again, short term we are trying to confirm the top of wave (iii) of [v] of 5.

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