SUMMARY
Overnight price action allowed another smaller correction that could potentially provide some price pathway clarity. The video has lots more details and scope. The below chart shows last night's wave c target at being on the trendline.
https://www.tradingview.com/x/Xu426nkR/
I've updated the Elliott Waves as shown below and now raised the leftmost red wave (c) and labeled an impulse (white waves) which was followed by a regulat zig zag which is complete. So what does this mean as likely next move?
https://www.tradingview.com/x/IAM9xB3k/
I've positioned a price pathway towards $12,809 as shown below. The key move here is to set a higher high and so breaching above the white upper channel would be key.
https://www.tradingview.com/x/2Q0PJgZK/
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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