Similar Pattern? Still heading up in a bull flag?

3 thg 7, 2018

I find the patterns here on the last two rallys eerily similar. Two bumps against the top of the flag, then only a partial retrace down to the red box before it reaches the top for a 3rd time. Then a bounce off the bottom and back and forth before another rally up.

What do you think of that? My initial 3rd wave projection appears to be off, and if the 4th wave drops any further, it will invalidate my EW count... but even though the wicks of the 4th wave and 1st wave overlap just a smidge, I'm keeping my count where it for now. Another bounce off the bottom of the bull flag could trigger the 5th wave up to 6800-7000.

3 thg 7, 2018

Ghi chú

And there was the touch to the fourth blue oval. Now we head back down to the bottom of the bull flag for one more bounce at around 6540, then we should begin the 5th EW wave up to 6800-7000.