We tested the first wave down with an uptrend. THE BULLS ARE READY TO RUN! This has made me revise my primary wave 2 strategy a bit. Have a look at the new targets.
I'm fairly certain this is how it will play out. Waves are clear to see and moving with conviction.
I'm so glad an uptrend has started and so far waves are obvious. I had to make this post on a higher time scale so it would publish, but on lower time scales waves are following trend lines beautifully. I expect wave (2) of the first impulse upward to retrace modestly as the bullish momentum is pretty strong. Waves following the first primary (wave 1-5) should...
I'm pretty sure my counts are correct, although many experts are having difficulty Fibonacci matches well with each wave on my count and no Elliott rules are broken.
I'm a total newb at this so maybe my observations are wrong. I've counted waves, sub waves & sub-sub waves only this long view makes sense to me.
I'm a big fan of symmetry. I propose that this correction is going to establish the bottom of the accent channel.
I've only been doing this for a few weeks so maybe some noob eyes are useful?? It seems to me that there is a main channel and then a sub channel top & Bottom that is being followed. I'm pretty sure I counted the first 5 waves correctly using the narrowing path of each wave makes it more clear. I'm assuming there was an ABC at the end of wave 5 which mt chart...