GarethJ

GarethJ

Potential end of wave 2 reversal and beginning of wave 3 impulsive move up.

GarethJ

Completion of the 4'th wave correction. Given the length of the 3'rd impulse wave, who knows where we could end up? Divergence on price and RSI, which is below 30 on both 5min and one hour charts seems to confirm that we may be at the bottom

GarethJ

End of Corrective wave, confirmed by possible break of descending triangle. Beginning of first wave in the new Elliott Wave Cycle

GarethJ

It appears that wave 4 may have completed and we're now beginning wave 5. Which could be extended if the cup and handle formation, in the process of forming, is taken into account. Wave 5 could easily surpass the 3.618 Fibonacci extension and end possibly even further.