@stockdweebs Projections of the elliot 5 wave on DG on 1D and 3D intervals suggest hitting top of 3rd wave now. Anticipate a dip for 4th wave consolidation then up for 5th wave.
Does this look right? Couldn't fit the second wave retraction perfect but got the 1.618 growth on wave 3 and 38.2 retraction on wave 4. So it looks like we are working on wave 5 right now with some growth left to do still? Trying to decide if I should go in on an option... thanks!
Hey Eric @stockdweebs I was trying to use the principles you taught to see if I could analyze Amazon to see where it is in the uptrend. Here are my thoughts:
It is obviously bullish all the short term EMAs are above the 200 EMA. Every time it dips it bounces off the shorter term EMAs. My stochastic RSI has remained above the 30 level for a while showing it has...
