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Wednesday, November 2, 2016

Elliott Wave Update 2 November 2016

Probably the best counts we have going as of tonight. The Wilshire count has more overlap in wave 4 compared to peak of 1. But neither counts well as "complete".

On the Wilshire weekly, it doesn't look to bad even with the overlap.But if we do get a wave 5 of (5) it has to be, by rule, shorter than wave 3 since wave 1 is the longest. 
Nor would it look bad on a monthly if we get a new high after this correction.

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