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Thursday, February 18, 2016

Elliott Wave Update 18 February 2016

Lets just review a few charts.  First, the primary count is that the market is in Minute wave [ii] of Minor 3 down. 5 Minor waves will eventually form Intermediate wave (1) down. And (5) Intermediate waves will form Primary wave [1] down of [5] Primary waves of cycle wave c.

See the wave hierarchy table on the lower area of the left side of this blog if your confused.

Starting with the monthly thus:
Hourly. Has wave (a) of [ii] up topped?
Well I plotted a potential squiggle count which is worth doing since the price move over 3 days was very significant. It counts pretty neatly so what the heck.

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