Wave ((iv)) is taking the form of a double zigzag with a triangle in wave (x). Therefore, bulls are likely going to push price towards the 0.618 Fibonacci retracement of wave (( iii )). If a pullback from this level happens, there'll be a moment for bears to some revenge.
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ElliottMarket
Tomg10 probably have mean about (b) which is not correct for sure. But as ending diagonal from 2015-08-24 it could be. But all picture easy can change in future easy as extend to 3 of C. we will see.
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IgnatBorisenko
ElliottMarket
@ElliottMarket, wave (b) here is a skewed triangle pattern, so nothing wrong with it :)
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tomg10
you have (a) (b) (c) (blue) in wave ((iii)) (green). a new EWP theory?
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IgnatBorisenko
tomg10
@tomg10, this wave count means that we have an ending diagonal in wave C. As you probably know, motive waves of a diagonal triangle should be zigzags.
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tomg10
IgnatBorisenko
@IgnatBorisenko, where are the 1-2-3-4-5 (minuette) waves of minute wave ((iii))?
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IgnatBorisenko
tomg10
@tomg10, wave ((iii)) is a zigzag here, so there aren't "1-2-3-4-5 (minuette) waves"
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tomg10
IgnatBorisenko
@IgnatBorisenko, ohhh, Sorry for missing that big wedge
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IgnatBorisenko
tomg10
@tomg10, fine! Have a good weekend!
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tomg10
IgnatBorisenko
@IgnatBorisenko, you too!
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