SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on January 9, 2018
12:15 pm EST: It looks like IMW is in a minor 5 of major [3]-P5-C1 Ending Diagonal (ED) with a maximum top at 159.12. Once complete there would be a major [4] wave correction towards the 23%/38% Fibonacci retrace of 144.50/137.43 or the 141. 82 pivot area before a final major [5]-P5-C1 wave toward the P5=1.38*P1 target of 167.58.
IWM Daily Chart:
IWM Weekly Chart:
This entry was posted on January 9, 2018 at 12:13 pm and is filed under IWM, Premium. Tagged: Elliott Wave Technical Analysis, IWM Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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