I was asked to show my long term count for Amazon.com as the top seen at 1,083 only was viewed as a wave 3 top. This means that the ongoing correction "only" is wave 4.
The Elliott Wave Principle says that wave 2 and 4 should alternate in structure. As wave 2 was deep - It corrected 61.8% of wave 1 - That indicates wave 4 should relatively shallow and not correct more than 38.2% of wave 3. Wave 2 was relatively simple in its structure, indicating that wave 4 should be complex and be either a flat or a triangle construction.
Once this ongoing wave 4 correction is complete, we should look for a new impulsive rally in wave 5 to complete wave III higher from 5.51.
The Elliott Wave Principle says that wave 2 and 4 should alternate in structure. As wave 2 was deep - It corrected 61.8% of wave 1 - That indicates wave 4 should relatively shallow and not correct more than 38.2% of wave 3. Wave 2 was relatively simple in its structure, indicating that wave 4 should be complex and be either a flat or a triangle construction.
Once this ongoing wave 4 correction is complete, we should look for a new impulsive rally in wave 5 to complete wave III higher from 5.51.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.