CORRECT APPLICATION OF ELLIOTT WAVE THEORY TO OUR PROBLEM
SO.. If the Elliott Wave Theory is NOT a B.S., I expect the next move to be DOWN! to C breaking any support lines!!!
Lets see what that ELLIOTT guy is worth!!
Check this out if you do not trust my interpretation:
elliottwave-forecast...elliott-wave-theory/
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the future and don't know the future. I may or may not hold positions in symbols I talk about. I may change my mind and not tell you because posting stuff is not my priority. I just post things for fun based on what I learned and that may be incorrect.
Lets see what that ELLIOTT guy is worth!!
Check this out if you do not trust my interpretation:
elliottwave-forecast...elliott-wave-theory/
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the future and don't know the future. I may or may not hold positions in symbols I talk about. I may change my mind and not tell you because posting stuff is not my priority. I just post things for fun based on what I learned and that may be incorrect.
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SO DON'T FREAK OUT. GIVE ELLIOTT A CHANCE TO PROVE HIMSELF:)
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But if it does not work, don't blame me. BLAME ELLIOTT!!:).. I did not invent that s*%t
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We moved up quite fast for the past 2 days to breach the 1st resistance. While that's bad, this puts us in overbought position vulnerable to pullback. This resistance breach may be just a whipsaw that u see on chart formations all the time.
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It may whipsaw to 2955 and pull back
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WE ARE BELOW RESISTANCE NOW. HOPE IT STAYS THERE