*A lot has unfolded since the previous update, I am choosing to update the Dow maybe every other day or when something new unfolds so this does not become too repetitive.
Left hand count: So it is very safe to assume that this impulse up is complete, now we come back to looking for a long term investment opportunity. In Elliott Wave the corrections take much more time than the impulses, so in that frame of thinking we need to observe the time factor. For me ideally the time of the prior impulse would equal the time for the correction at the minimum being 1:1. That is why I have labelled this as a WXY, I am personally tempted to buy just in case the time factor does not become a reality. But we need to be careful this early out.
Right hand count: In this idea we would ignore the time factor and assume that the entire correction has ended (because technically it could be done). From the market close i am looking for a impulse upwards followed by a correction before i consider any buying opportunity.
I have been traveling the past week, but i plan to be more active in the coming weeks updating. Goodluck!
Left hand count: So it is very safe to assume that this impulse up is complete, now we come back to looking for a long term investment opportunity. In Elliott Wave the corrections take much more time than the impulses, so in that frame of thinking we need to observe the time factor. For me ideally the time of the prior impulse would equal the time for the correction at the minimum being 1:1. That is why I have labelled this as a WXY, I am personally tempted to buy just in case the time factor does not become a reality. But we need to be careful this early out.
Right hand count: In this idea we would ignore the time factor and assume that the entire correction has ended (because technically it could be done). From the market close i am looking for a impulse upwards followed by a correction before i consider any buying opportunity.
I have been traveling the past week, but i plan to be more active in the coming weeks updating. Goodluck!