The below is the 2015 Elliot Wave correction count. As you can see, the RSI lines up with the 2018 count I drew above.
There are many traders with a double zigzag Elliot Wave count towards 4,800 - but looking at the RSI, it doesn't make sense to be to have a sub-wave 4 (current move upwards) when daily RSI is over 60 - we're talking about an impulsive wave downwards with a sub-wave daily RSI over 60 (it is very strange). But again, this is just based on probabilities.
There are many traders with a double zigzag Elliot Wave count towards 4,800 - but looking at the RSI, it doesn't make sense to be to have a sub-wave 4 (current move upwards) when daily RSI is over 60 - we're talking about an impulsive wave downwards with a sub-wave daily RSI over 60 (it is very strange). But again, this is just based on probabilities.
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