5/20/18
- Here is my current elliott wave count and what I see playing out for summer
- We've retraced back to the 0.618 fib levels from the previous high of 9900
- possibly started wave 3 which could extend to the +13000 levels by the end of summer, but need to watch the first 3 targets listed on the chart for confirmation
- 80% chance we reach the midline of the pitchfork ~9100, which is a confluence zone with the white downtrend line, previous high resistance, and the 0.236 fib levels.
- We need to get through this high resistance zone as well as the high resistance zone at ~9900-10000 for the projection to play out
-RSI currently looking bullish forming higher lows on the daily
- Stoch RSI bottomed and curling up
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- Here is my current elliott wave count and what I see playing out for summer
- We've retraced back to the 0.618 fib levels from the previous high of 9900
- possibly started wave 3 which could extend to the +13000 levels by the end of summer, but need to watch the first 3 targets listed on the chart for confirmation
- 80% chance we reach the midline of the pitchfork ~9100, which is a confluence zone with the white downtrend line, previous high resistance, and the 0.236 fib levels.
- We need to get through this high resistance zone as well as the high resistance zone at ~9900-10000 for the projection to play out
-RSI currently looking bullish forming higher lows on the daily
- Stoch RSI bottomed and curling up
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Comment:
A cleaner view with fib levels removed
