Using Elliot wave I show what I believe to be the current count that will end this week around 4500. There is also two gaps that will be filled.. A bullish gap below it will take out in the current wave 4.... then a bearish gap above at 4500. I have verified the sizes of the wave count sizes using fibs.
If this count is correct the will end with HH and a start of a bullish breakout.
After this week we have the new moon bearish period for two weeks so we could have some bearish movements during that time but since the breakout I expect the low to be a HL... then we will rally into the EOY (Santa Rally).
If this count is correct the will end with HH and a start of a bullish breakout.
After this week we have the new moon bearish period for two weeks so we could have some bearish movements during that time but since the breakout I expect the low to be a HL... then we will rally into the EOY (Santa Rally).
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