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Wednesday, January 18, 2017

Elliott Wave Update 18 January 2017

Monitoring the progress of the primary wave count.

Wednesday, January 11, 2017

Elliott Wave Update 11 January 2017

On the daily chart we have peak RSI so far at where we have (iii) of [iii] of 3 labeled. This often is the case in any impulse 5 wave structure of this time frame.

So, we need patience for the rest of the waves to unfold to wave 5 of (5) peak. How much time is needed? Well, it has to "look right". We have a Fibonacci 8 years coming up in early March since the 2009 low. So that is a good place to start.

Tuesday, January 10, 2017

Monday, January 9, 2017

Elliott wave Update 9 January 2016

Perhaps we have reached the peak of [iii] of 3.

Thursday, January 5, 2017

Tuesday, January 3, 2017

Elliott Wave Update ~ 3 January 2017

Best count has us looking for the top of Minor 3. Several more subdivisions and with that would come more time as appropriate.
The chart below shows a closer look at the key price marker. If prices dip beneath this, that will change the overall count of the chart below. This is not a price/time prediction, it is meant to show wave structure. Price and time will unfold as it may.