Tuesday, March 20, 2018

A 2nd Elliott Wave Count Possibility

This long term wave count is an alternative to the long term count given in the last update.
In this count, primary wave 3 topped out and primary wave 4 of cycle wave 1 has been in progress since the January 2018 high. 

Primary wave 4 may be forming a triangle formation on the daily chart that may be completing soon if not yesterday. 

I give the odds for this count at about 55% as fundamental factors and cycles seem to point to the more bearish count at this time.