My speculation at the 6K bottom of a 5-3-5 zig zag correction was correct in theory but not in fact. The a-b-c corrective wave in a zig zag is the most common corrective wave in a zig zag but not the only possible type of corrective wave which of course is what makes corrections so difficult. Soooo, this correction is a zig zag but a 5-triangle-5 zig zag instead...
The projections on the chart are an idealized view to suggest the current potential road map. TA must always adjust to actual price action. All TA needs to start with a longer term perspective. R.N.Elliot used daily and weekly closing prices not OHLC or Candlesticks. All have their place in TA but working Elliot waves is much easier with closing prices and the...
