This is part 3 of an exercise to count Elliott Waves from the end of 2013 (up until where we assume Super-Cycle wave 1 ends) until today (4-4-2018). For this last part, I have also drawn some resistance and support levels that can help define the final target. If this count is correct, the bottom is probably between $6000 and $4800. In contrast to the other two charts, which use a logarithmic price scale because of the proportions in change, this chart is made using a linear price scale, since it concentrates on a much smaller area.
Note: I am an absolute beginner and THIS IS NO FINANCIAL ADVICE!
The previous two charts are linked below for reference.
Note: I am an absolute beginner and THIS IS NO FINANCIAL ADVICE!
The previous two charts are linked below for reference.
Comment:
We were getting pretty bullish for a while, and they almost convinced me. I guess being a bear right now is like... nothing really special. Just wanted to updated this idea quickly, because the main count still stands basically. A little adjusting to it, but still, I cannot yet discard its validity:
