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Tuesday, January 26, 2016

Elliott Wave Update 26 January 2016

This chart sums up the best count options. Wave (iv) may have peaked but after today's strong up day, that doesn't seem likely at the moment.  A backtest of the broken neckline would be a good place to start for bets I suppose for a wave (iv) target.

Note that the top ALT count target box - Minute [ii] of wave 3 down - overlaps with the primary count of wave (iv) of [i] down. So we'll just have to let things play out as they must.
Weekly View
Another view of the best count options using a shorter time scale and a bunch of channels to see if they can help.

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