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$KEY SelfKey: THE FIFTH WAVE

887
To be fully transparent let me admit that I'm brand new to the application of Elliot waves and for all i know this could be a poor candidate, however it does appear to at least fit within the key parameters of an impulse wave and is thus a possibility. I'll list this below but I'd also point out that the macd, stochastic rsi, accumulation/distribution are all turning north, so we should at least be in line to test 380 in the very near future.

The three
rules (of an impulse wave) are:

Wave 2 cannot retrace more than 100% of Wave 1.
Wave 3 can never be the shortest of waves 1, 3, and 5.
Wave 4 can never overlap Wave 1.



Obviously keep a close eye on this one or set your SL's in advance. We've seen what this can do in a short period of time. GLTA
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We're looking good on multiple intervals:
15M
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5M
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30M
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On the 30M you can see we're riding the cloud as resistance, so this may be the one to tell us when we've broken into open air
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This is just tasty
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Alternative view in case it stalls here -- could see this pattern develop over the next couple hours.

Don't hesitate to use a tight stop loss, if we drop under 310-315 you can probably plan on picking up at 290-295... but you never know. Make a plan.


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Just a few projections. I really think this is going to go.

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another push
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