It appears that we just completed an Irregular Failure Flat on the 12H chart. Since this is a running correction it implies very strong counter-trend power so I would expect that we go to at least 190 on this leg down, possibly even lower. This pattern should take 1-2 weeks to complete. It's a very nice, clean count. Perfect Impulsive move down followed by a...
Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.
Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.
I don't often publish Elliott Wave since the counts rarely provide a reliable signal, which for me has always been "after" a pattern completes. I have had a lot of success with terminal patterns in stocks and in various markets, but rarely do I see clear "impulsive moves" to catch a big trends using EW. What I have done here is to use my RgMov indicator, which...
After Completing the Preliminary Retracement Identification Analysis on LTCBTC it appears that it may have just completed a Double Zigzag or Double Three correction. The Count I'm looking at has the peak in December 2013 as Wave v of 3. Down from there begins either a zigzag or a complex three correction, which is followed by an x wave and then another three....
Glenn Neely sees DJIA high. I am not so optimistic, but according to The Elliott wave principle - the level of 17,000 is within range this formation. IMO we have here the Broadening Top. Feisty lady / Yellen / & end of the year will give us more growth. www.prweb.com www.neowave.com www.thepatternsite.com