Custom Search

Wednesday, July 11, 2018

Elliott Wave Update ~ 11 July 2018

This has become the top count due to wave structure.
It just looks better as a triangle of some sorts which implies new highs eventually. A break below key price points would negate the pattern.
Note: The INDU is significantly lower in prices and wave structure and may end up deviating from the Wilshire count. But this blog uses the Wilshire as the primary so its what we are going with. In either case the bearish deviation from other indexes implies that even if the Wilshire gets a new high price  or comes close, the others may not. That is bearish in the long run.
blog comments powered by Disqus