wsbza

"Corrections are never five"

NASDAQ:YHOO   YAHOO INC
47 3 1
Quote "an initial five-wave movement against the large trend is never the end of a correction, only part of it" ( Elliott Wave Principle p.41)

note wave ( iii             ) travels about 1.618 of wave (i), wave (i) and wave (v) have equality in time and magnitude.
Comment: unsure about the internal wave count, but RSI is showing divergence when share price is moving higher, also note we are very close to the previous 4th wave, maybe it's good time to take the profit
snapshot
looks good ! Means we could have a nice bounce in 2016, for the B wave. Is there exhaustion signs on indicators (I havent check)
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wsbza PRO JC_Saints
I have not checked any indicator either, I will also check the structure in lower time frame as well
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unsure about the internal wave count, but RSI is showing divergence when share price is moving higher, also note we are very close to the previous 4th wave, maybe it's good time to take the profit
snapshot
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