This is a continuation of the Wave counts I have been doing here for over 2 years. Having completed 5 waves down, which conform to elliot rules (look closely to the wick wave 4 does not cross into wave 2, wave V goes beyond wave III) etc. We have completed wave A UP and now looking to go down on wave B.
Trade active:
"Wave III" looks like Wave !!! but it is roman numeral 3. The more major waves of 3 kinds of waves on the chart... In a monthly time frame we are still in wave 3 down.
All 3 levels of waves shown here have completed wave 5.. If we can break down through the yearly pivot we should sail down for a while...
All 3 levels of waves shown here have completed wave 5.. If we can break down through the yearly pivot we should sail down for a while...
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ