My humble thoughts on this phase of the elliot wave zig zag portion. If we break below C then this will be the last leg down and not much further to go. That would complete the ideal ABC zig zag structure. If we instead push up to D then we either completed the ABC with a flat bottom or we move on the the rarer ABCDE zig zag. This ABCDE zig zag would coorelate with typical market down days and Oct 3-4 being a very common up day.
"At least 50% of the whole game is the general market."
-William J O'Neil
"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9
-William J O'Neil
"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"At least 50% of the whole game is the general market."
-William J O'Neil
"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9
-William J O'Neil
"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.