Torg911

Torg911

If we copy-paste Elliot waves from July, they fit nicely for price action in mid-September: after facing corrective A-B-C waves and completing impulse of first wave (from 200 to 300) we are now in second wave (corrective), that could go down to 240. As it should not be "exact" pattern, we should be looking for completion and breakout signal - if we'll have a...

Torg911 Updated 

Completing first, and moving to second wave in 24 hours

Torg911

Patern is very similar to August drop - volume was high for 12 days in a row, followed by couple more dips and then accellerated upward. My wild guess - we'll go to 236 till Wednesday, 220 till Sunday, followed by rally on next week (or potentially in October).