I'm not an elliot waves expert by any means, but if we were in a flat corrective wave, this could definitely fit the bill. 3-3-5 with the subwaves counted. Will have confirmation if we see a volume spike soon...
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edited the first impulse, the 1 and 4 waves were nearly touching. This fits the bill better but can only be seen on hourly
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Nailed that corrective wave pretty good, I think good chance we are in a wave 3 up just not sure of the subwaves yet. 8100 and 9100 are going to be some resistance.
8100 would be a measured move up from the initial impulse labeled in orange. And the other fibs are listed as potential targets in the subwaves.
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okay got a more probable count for the current wave 3, we are still in it I think, with another subwave or two left. Possible places I see this current subwave to are listed with the checkbox. The fib zone at 7730 or we could retest the top of the range at 7600. If that breaks down we could have more downside and would invalidate this whole count.
Until that happens, I remain bullish :)
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forgot to add chart haha...
Here it is
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I'm targeting 9200 for this current leg. Will close some longs and add as it dips