SUMMARY
The larger Inverted Head & Shoulders (IHS) pattern is still progressing. The LS, H and RS of the pattern shwos that the H is still being patterned out. These jive well with the Elliott Waves as well since blue wave 3 will complete the H while 4 and 5 will complete the RS.
The microwaves show that blue wave 3 is still in progress as it is on purple wave 4 of the 5; which are the subwaves of blue 3. The pattern is more than 2/3 complete but still needs to complete and confirm. Complete in that the pattern finishes and confirm by price breaching the horizontal Neckline (white).
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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
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Essay: Is Technical Analysis a Quantum Event?
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