Chart on the left suggests we are in wave iv of C (ending diagonal)...one more dip lower to retest today's low to finish off the bearish sequence then we may see a strong rally.
The chart on the right is a more traditional impulse and is one wave slower...so two more dips lower to finish off C then a strong rally.
Trend lines support a hold below the April 7 low.
If you are learning Elliott Wave, I'd appreciate any questions you have so it makes sense for you.
Cheers!
Jeremy
The chart on the right is a more traditional impulse and is one wave slower...so two more dips lower to finish off C then a strong rally.
Trend lines support a hold below the April 7 low.
If you are learning Elliott Wave, I'd appreciate any questions you have so it makes sense for you.
Cheers!
Jeremy
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress