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My first attempt at Elliot waves.
New to Elliot waves.First time I get the nerve to publish one of my charts.
Counted out my waves and 5 sub-waves of A an C waves as well as abc for B waves.I think this is correct but looking for confirmation from more experienced Elliottitians.
I also used Fib retracement and extensions looking for confluence.I figure landing zone for C wave of wave 2 of a greater degree wave 3 to be between $7653 and $7541.
I also figure one last leg down to these levels will put the one hour RSI to 30 or under.
Hope I'm not totally out to lunch.
Cheers
Counted out my waves and 5 sub-waves of A an C waves as well as abc for B waves.I think this is correct but looking for confirmation from more experienced Elliottitians.
I also used Fib retracement and extensions looking for confluence.I figure landing zone for C wave of wave 2 of a greater degree wave 3 to be between $7653 and $7541.
I also figure one last leg down to these levels will put the one hour RSI to 30 or under.
Hope I'm not totally out to lunch.
Cheers
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