An interesting junction approaching whereby Elliott wave versus Harmonics?
So which will win as we are in a motive phase wave (4) or a bullish leg(CD) of a possible Bearish Pattern? We have to remember according to Elliott Wave Rules if (4) exceeds (1) then this Motive Phase down is invalidated at $28,555!
Harmonic Patterns:-
davecharts.files.wordpress.com/2013/05/harmonic-patterns.jpg
Double Bottom:-
thepatternsite.com/aadb.html
Basic Motive Phase:-
thepatternsite.com/EWBasic.html
So which will win as we are in a motive phase wave (4) or a bullish leg(CD) of a possible Bearish Pattern? We have to remember according to Elliott Wave Rules if (4) exceeds (1) then this Motive Phase down is invalidated at $28,555!
Harmonic Patterns:-
davecharts.files.wordpress.com/2013/05/harmonic-patterns.jpg
Double Bottom:-
thepatternsite.com/aadb.html
Basic Motive Phase:-
thepatternsite.com/EWBasic.html
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