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 April 21, 2020
Per the primary (green) count IWM has completed major [1]-P1-C3 at 124.88. The major [2] wave down to a 50% to 62% Fib retrace target area of 110.40 to 106.92.
If IWM can hold above 114.56, then the alternate (blue) count is that minor 5 of major [1]-P1-C3 will make a new high above 124.88.
IWM 60-min chart:
This entry was posted on April 21, 2020 at 11:16 am 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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