tomorrow is FUJITSU conference, I am really confused if we are looking for ending 5th wave as bigger wave 1, or this conference invalidates my actual count
if you have better idea by elliot wave rules, share it
I am awaiting higher high on daily RSI for confirmation - around 85
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what about, my green big waves are not valid, because we are looking at ending 3rd wave of big wave 1, so we are going to hit the top for 3rd wave, correction of 3rd wave and continuing to 5th wave of big wave 1, this makes a sense and fits to tomorrows FUJITSU conference
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we already hit 2.2, watch for supports seems we have 5 waves ended
I think we finished wave 4 (1H chart), and going up to wave 5 (sub-wave 1 has completed). However, if the conference is not what people expected, this sub-wave 1 becomes wave B of ABC structure (wave 4 I counted now becomes wave A). On the other hand, I still believe there is another pump coming.
zexheell
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@Bomo, exactly, I am little bit afraid if its not only B wave up with higher high as its in overbullish sentiment, which could end C wave higher than it should
also I was thinking about that we should see stronger wave 5 but indicators loosing steam, I was expecting the top at 2$ and correction, but now it seems we havent ended wave 1 - so close to
Bomo
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@zexheell, from what I learnt about Elliot waves, ABC is for correction, so if it goes up, you should count as a wave, not ABC.
@zexheell, I don't know how to post my photo here :D
zexheell
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@Bomo, right bottom corner on chart you have publish idea, on the left side you have icon of photo, that will make a picture of your chart and give you link for sharing
Bomo
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@zexheell, Thanks. Your draw is correct up to now.