Elliottician and TA Thread

chestnuts >>>

Have you analyed simply the last leg down starting 3rd Oct?

I get this in wave 3 of a downward impulse so the implication is that this is the first wave of a Zigzag. Target down below 5000 for the completed waves 3, 4 and 5. Then up into wave 'b' before going down again into wave 'c, of the Zigzag to below 5000 again. This completed Zigzag could then only be the first wave of a Double Zigzag so then another 6 waves to come, all taking it in a downward eventual direction. So once this one starts to bounce then another 8 waves (4 up and 4 down) giving us perhaps the following pattern - zigzag, flat, zigzag - making an overall pattern of a Double Zigzag. In fact exactly the same shape as the wave I previuosly posted but in the opposite direction - DOWN.