©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Since the low at 47.15, I see a Five-waves push higher labeled 1-grey to 5-grey. Basically the 4-grey wave may have ended at 72.69 and the 5-grey wave is unfolding to push higher.
While price must remain above 72.69 to maintain this view.
Alternate Wave Count: Shows the 4-grey wave is longer than expected, but the low at 72.69 is still very important that price must remain above.
Since the low at 47.15, I see a Five-waves push higher labeled 1-grey to 5-grey. Basically the 4-grey wave may have ended at 72.69 and the 5-grey wave is unfolding to push higher.
While price must remain above 72.69 to maintain this view.
Alternate Wave Count: Shows the 4-grey wave is longer than expected, but the low at 72.69 is still very important that price must remain above.
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