Rajan Dhall MSTA
Appreciate that ,,, may I also ask your opinion on one other point. I do believe that we are looking at the correct wave count as Wave 4 is developing into a flat correction wave which would be correct as Wave 2 was a lot sharper. My question is about the expected length of Wave 5 ,,I know you highlighted the 70p area which no doubt will find some resistance but what are your thoughts regarding the strength of Wave 3 which could be interpreted that we can expect Wave 5 to be as strong as Wave 1 (+28%) which would give us a target area of low 80,s .
Thanks again for your thought's ,,its going to be really interesting to see how this eventually unfolds.
I must also say that having read your original post/chart its made me dive back into my old notes/references on Elliots and brush up on a few things.