Elliott Wave technical analysis with trading signals for Gold, WTI Oil, SPX, NASDAQ, DJIA
We are waiting for the downside alternative count to trigger as the instrument cannot extend above 1920. And we have it with a break below 1820 so the five waves downside count is on the way and is being confirmed and validated. We are at the 5th wave from the 2075 top. Any confirmed break below 1580 will change the upside count, and a long-term 4th wave is underway. We still do not have a confirmed break below 1580 and the upside count will be valid upon a confirmed break above 1700.
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