Fib seq holding. Down RSI 39 @ 7. ray trace pattern holding at 6 deg. See. Flat for Wave IV. If you are unsure of what a Flat is, it is an initial decline, shallow (23.6%) to modest (38.2%), of the height of the wave of the same degree, in this case Wave III 0.49% by my count. Up to 4200 by next month after res at 250 290 3150 and 3500 with buywalls kissing res and flag down to support.
I'm a little confused by your post here. I analyze and am a fan of Eilliott Wave. I think we agree this is a Wave IV Flat following the Wave III high of Jun 12 at 2980. Some of what you wrote above sounds like it could be my own writing. I have Wave C of IV just starting with shallow target low of 2315ish, modest target low of 1900 (return to my Wave A of IV low).
However, you're talking about new highs before the low has been made. The retracement isn't from the Wave A of IV low to the Wave B of IV high, it is based upon the whole of Wave III, so the targets remain the same. Can you help me understand your thinking?
However, you're talking about new highs before the low has been made. The retracement isn't from the Wave A of IV low to the Wave B of IV high, it is based upon the whole of Wave III, so the targets remain the same. Can you help me understand your thinking?