How we get there and maybe soon if Elliott Wave Count is correct now? Goes without saying but we need to bust $7500 again and of course all time high! I was wrong about the head & shoulders pattern but you have to admit it looked plausible. Maybe the "Diamond Top" pattern as shown has more to run as it did in the Dow Transport 2008:- thepatternsite.com/Blog-Oct08.html
Trade ist aktiv
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Update on my count ~ feel free to comment EW traders?
5 will end slightly above 3.
3 is at your're 'busted line', so 5 will be at,around, $8000. That's the final move…
Stoploss at $10.000 is a good level yes!..
zippy1day
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@-Jong, its seems that way and tallies with most recent chart!
@zippy1day, that's not the issue, 'busted line' is end W3...
zippy1day
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@-Jong, if you want to back your idea up you have to confirm where Wave 1 starts and ends to follow through the calculation, I am not necessarily disagreeing with you.
-Jong
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@zippy1day, i am not disagreeing with you either, but wave 3 finished already at your 'busted line' level!
So no need to look for the start of W1, again…..
Or let's say, label,W3, doesn't match with the price bar, a drawing thing maybe...
The analysis is fine,drawing needs some work!
But still it won't go further than W5, and that's slightly above W3, but do a Fib. math...
3 is at your're 'busted line', so 5 will be at,around, $8000. That's the final move…
Stoploss at $10.000 is a good level yes!..