mikeoakster

mikeoakster

... again, I know... not easy... several valid ways of counting the same price action... once one respects the rules, guidelines are what matter the most. I like this count. What do you think?

mikeoakster

... scary!

mikeoakster Updated 

Just an idea for the very short term.

mikeoakster

In this count, I'm considering each of the actionary waves in Minor degree (waves 1 and 3) to have had their Minute wave 1 extended. And now, for Minor 5, an ending diagonal to end the bull market.

mikeoakster

Or not.

mikeoakster

Adding more guidelines can result in very different analysis...

mikeoakster

Rethinking this market's waves...

mikeoakster

If I'm analyzing the current short term rally's structure correctly, the market is reaching new highs with a corrective structure... Compared to the running triangle, the expanded flat would have a perhaps more "proper" size, would break some important pivot lows, and would reach the base of the current medium term channel.

mikeoakster

Contracting before the last rally of the current degree of trend?

mikeoakster

Alternate...

mikeoakster

Could be starting Minor 4 or something worse...

mikeoakster

Just trying to count elliott waves.

mikeoakster

How will (if it will...) price come to the base of the Minute 1-3 channel?

mikeoakster

Trying to have waves two-four all looking good (with alternation and proportion)...

mikeoakster

If this is correct, Minuette wave (iii) has just started...

mikeoakster

Subminuette wave c is getting closer to equality to Subminuette wave a, in confluence with the 78,6% retracement of Minuette wave (i)...

mikeoakster Updated 

... the third could be stronger...

mikeoakster

So strong Fib confluences... it looks so good to me...