Quickie updated: Looks like it opted of the One More Leg Up option from my last chart! Took profit up at .44, dece trade, leaving the rest in to ride. Appears to have ended with an Ending Diagonal. Watching these levels to act as support. Will need some more clues based of the depth and area it decides to find support on. Then see what kind of structure results...
Quickie: Up 250%ish percent since entry. Entered based off of a possible 12,12 setup with an algo play mixed in. Im sure this is not all the history but anchoring of these points, its possible a retrace may be in the charts here soon. Of course on calling top yet, and happy to continue the ride, but watching for these possible paths, notes on chart.
So followed the path very well! just not the super bullish variation. BULL: Price did break above and is so far hold the line on the chart. BEAR: It bounced of the median line of the pitch fork and the outer parallel and the 1:1 of the first swing, so its hitting some markers for an ideal ZZ. But the interior count is not ideal to me tbf. That line will be...
The circle area has me a bit perplexed atm, so going off the swings here a bit. Need this to finish in a motive wave here pretty quick to keep my confidence in this count variant.
Quickie: Possible wave 4 so could be done could have some more sideways to go, but getting above the trend line is step 1 to more possible up side.
Hitting some interesting markers atm. A couple paths im eyeing up atm, all depend how this move from the high plays out. Holding above the sus area is pretty crucial MO ATM.
Nailed the pivot! For this variant to stay at the top of the list, watching for these possibilities to play out.
Watching for these levels to break, Elliott wave is a bit unclear to me at the moment. Hoping when one of these levels break, and how, will lead to some clarity.
Looks like 640 held! At the moment, a potential Zig Zag down complete is possible, which would still fit with this count variant. A zig zag complete does not necessarily mean the correction is over, especially in a wave 4. So watching how this developes. Green done, yellow some more correction, red bad for short term bulls. Watching these support resistances which...
Played out as suspected! Keeping an eye on the 650 area to hold and flip into support to keep things ideal. IF this is in a wave 3 it should keeping ripping. Not saying its done yet but will be looking for a wave for when it gives us a bit more info.
Quickie: Looks like its breaking up, would be nice to have the area flip into support but a nice large green candle would be nice too... A couple paths ill be watching. Possible algos in play as well.
Quickie: Looks like price is getting squeezed between the box of resistance and the raising trendline. So alarms set for each way of a break, will let the market decide which direction it wants to go, then follow. If it gets super tight would be looking for an entry.
Quickie: Some nice confluence in this boxed area, , Elliott wave, fibs and a previous resistance. Watching for this area to flip into support.
Quickie: Possible bullish scenario. Breaking 640 and hold as support would be a good start towards confidence in this count.
Here is a visual representation of an Elliott Wave Zig Zag with some common labeling mistakes. Also has some idealized Zig Zag guidelines as well.
Up 340% since entry! Follow the path from the last chart pretty dang good, MO. Some bullish paths im watching out for, looks pretty clean so far. AOI on the chart. IF the wave 5 of 3 as labeled is done, expecting a wave 4 to be put in, wave 5 could still be rolling though. EWO agrees with the count for now. I do have a bearish count on my last shared count I...
Got a reaction where I was looking, but not out of the woods yet. Still keeping an eye on the muy importante lazer to hold. IF i have this correct looking at the white box as a most likely target for the wave 5, again if that pivot was the orthodox end of the potential wave 4. Wave 4s in nature can take time to evolve so not expecting a immediate shot up, though...
Been following the path from the last chart dang close! So possibility its still finishing up the D wave of the Triangle, with one more leg down for the E wave. Got AOI marked on the chart. There is a slight possibility its done, so if it starts moving up and breaking some of those pivots would lean that way. This structure is getting drawn out and its starting to...