The bad thing about EW theory is there can usually always be an alternative count to explain the situation. This count shows us in an expanding diagonal with the 4 wave going on now. I am less inclined towards this count because late EOD was a very bullish move and had signs of a reversal. The other reason why I don't like this count is because the late move felt like a 3rd wave, so we should gap up strongly. If we don't gap over 2750 this count becomes more likely.

The one reason I like this count over the other is that Crude Oil is almost done wave iv and will dump soon. It's hard to imagine we go up over 1 week when Crude Oil will dump soon.
Harmonic PatternsTrend AnalysisWave Analysis

関連の投稿

免責事項