Discovery Elliott Wave analysis Discovery just finished a descending triangle ( top declining b, d ; bottom flat a,c,e ) fallowed as expected with a new wave 1 We can see a clear impulse Wave 3 of one degree down, who s traveling fast and upwards. I expect a retracement of Wave 4 with support from the channel at $27.50 Disclaimer My content is...
Elliott Wave Principles To me looks like an Ending Diagonal. An ending diagonal occurs in Wave 5 primarily, (which we obviously are) at times when the preceding move has gone "too far, too fast" Context : Long bull run, Stochastic turning Fifth wave ending diagonal leads to one thing: "dramatic reversal ahead" These are my analysis please do your own. This...