so, you're expecting a run higher equal to the run up in the beginning of the year? AB=CD? how did you come up with that?
nick.holland78
⋅
@bhowe, Expectation is something resembling the impulsive pattern shown. Stalling around the 100-138.2% and loosing wave 4 support would indicate a possible A-B-C corrective bounce more weakness to follow. One step at a time though. I pulled some price ranges just to indicate the size of some of my targets in % terms. Might not necessarily hold through every move, or might consider hedging at target regions, whatever your style.
I have an idea posted a long while back on how to trade Elliott Wave with fib pinball. I think it was on a QQQ chart, though it has nothing to do with that symbol.
You're also welcome to join us at ElliottWaveTrader.net as well. Avi Gilburt and the crew are amazing.