US100 – Elliott Wave Count & Expanding Flat ScenarioThis chart reflects my interpretation of the Elliott Wave principle, focusing on the rule of alternation. I've mapped a running flat in wave (II) and an expanding flat in wave (IV), which feels valid in this structure.
Currently, I'm tracking the final stages of wave 5 in the weekly count – potentially setting up for a daily leg higher into wave (V). Key levels to watch:
Weekly vector body: 5,928
Daily vector body: 6,110
Final target zone: around 6,200+
Human behavior doesn’t change — the cycle will always repeat.
The carry trade could unwind at point X or at the end of daily wave 5.
Let’s see how it plays out.
This is not financial advice – purely my perspective for learning and discussion.
I Salute You
-The Market Architect-