Hi, I am starting to learn Elliott wave theory, and I believe the best teacher is practice (practice makes perfect right? :) )
I believe there was a breakout from 5th wave consolidation. The breakout already consolidated and the stock surged the next week after the new iphone release. I expect it to consolidate a little next week and continue increasing.
I do hope that any of professional traders in the forum could comment this chart and say what I did wrong. Thanks :)
Comments
hussain9
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Good .all this move from the bottom of 2nd wave to the top is a 3rd wave . And we might start a 4the wave down from the beginning of your blue line but need to confirmed 1st . Once you see a strong move up very fast like this must think about 3rd wave.