jzjallday

jzjallday

Looking to see if this wave pattern repeats off the November-January 2019 consolidation. If so, a good buy zone would be a wick down into the 9300 area. If the 10500 support zone holds on the re-test down we could see a breakout to the upside.

jzjallday

Looking at Elliot wave uptrend analysis, we are expecting a (1)/A and (2)/B going forward. In relation to the trend from the previous downward cycle, we can see the (1)/A and (2)/B went channel high to channel low. I am predicting a similar finish to the uptrend cycle. Let me know what you think