Its the matter of how you count

ASTRAZENECA PLCSTO

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⋅ Jan 2, 2019 6:51 AM

I originally counted the waves like this, and there was no divergence on RSI or MACD

⋅ Jan 2, 2019 6:53 AM

But if I count like this, there is divergence everywhere, and its compatible with Elliot rules on both count

⋅ Jan 2, 2019 6:56 AM

But counting it this way I just can't see five internal wave structure for the fifth wave, no matter how deep I go in timeframes

⋅ Jan 2, 2019 6:57 AM

Maybe like this?

⋅ Jan 2, 2019 7:03 AM

regardless, I think its the play for AMZN right now, then once the target is reached, shorting it.