For the primary count minute wave (5) of minor 1 of major 5-P3 is underway heading for the at least 1627 and move likely 1643. There will then be a retrace for minor 2 back to 1600 support before minor 3 makes a new high above 1687. Initially I have a minor 3 target at about 1736. Ultimately, the major 5-P3 target is at 1775 sometime late 2013 to early 2014.
The alternate count is that minute wave (b) of minor Y of major 4-P3 topped at 1620.07 and that minute (c) is underway headed for 1526. Any move above 1520.07 would invalid this count and further strengthen the primary count. Note that 1618 was the 62% retrace for wave (b) and thus any move higher that 1620-1623 resistance makes the alternate count much less likely.
Comments
QuantitativeExhaustion
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C Retraces to .50 by November
7pasos
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Why do not label on the chart?
CoinedByCrypto
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Because it is not possible to do so when only daily, weekly and monthly is available.
If you know the rules of Elliott wave, then my guidance should be enough for you to know what i'm talking about.
I see you have chosen to disagree ...in what are you disagreeing? I have given you a bullish and a bearish count so hard for me to know where you disagree. Please make a comment so we at least can agree upon where we disagree. Safe trading BM
7pasos
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Why is not possible the points you are refering are at the chart, right?
CoinedByCrypto
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I much more interested in your take ....then making color charge minuet waves on a daily chart. So are you bullish or bearish and what is your reasons...then we have a constructive conversation. Otherwise... just pass it on or even better return with your own chart. I'll gladly give a comment.
7pasos
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This is the first time i see a wave count with out labeling the chart!!
C Retraces to .50 by November