Altered my green count with a truncated wave (v) of 1 of (3). The green count remains a variation on the continuation of the white (1)-(2) count. Taking out the August and July highs should lead to an explosive rally to at least 23, but possibly into the 30's. I'll have refined targets for the green sub-structure once green wave 2 completion is confirmed.
Could tomorrow be a catalyst for the rally? Sure, anything's possible. Just recognize this set-up has been several months in the making and any 'news' tomorrow is incidental in my opinion.
A break down below 17.84 could clearly invalidate the white count, infringing into the price territory of wave 1 of (3). The green wave 2 can go a bit deeper, but I'd expect a turn very soon IF the heart of a 3rd is upon us.
A note about fibs. Tradingview.com only calculates fib extensions in arithmetic terms. It's a known limitation and one several members have commented on requesting an update, myself included. In fact, I'd be a "Pro" here if their Elliott Wave tools were slightly improved... Anyway, these lines represent log-based fib extension which had to be calculated separately and entered manually. Since it's labor intensive, I'll keep them to waves of intermediate degree and higher.
Could tomorrow be a catalyst for the rally? Sure, anything's possible. Just recognize this set-up has been several months in the making and any 'news' tomorrow is incidental in my opinion.
A break down below 17.84 could clearly invalidate the white count, infringing into the price territory of wave 1 of (3). The green wave 2 can go a bit deeper, but I'd expect a turn very soon IF the heart of a 3rd is upon us.
A note about fibs. Tradingview.com only calculates fib extensions in arithmetic terms. It's a known limitation and one several members have commented on requesting an update, myself included. In fact, I'd be a "Pro" here if their Elliott Wave tools were slightly improved... Anyway, these lines represent log-based fib extension which had to be calculated separately and entered manually. Since it's labor intensive, I'll keep them to waves of intermediate degree and higher.
