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Friday, January 20, 2017

Elliott Wave Update 20 January 2017

Not much expected to happen over the next few weeks according to the count. So far, since identifying the middle of the third wave up, things have been going with the count.

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