SUMMARY
For awareness sake, I present three price pathways. Awareness keeps the panic away and for that reason, these three should allow you the degree fortitude should the primary pathway not manifest.
Below chart is my primary count. Note the bull flat and the a,b,c,d,e markings. Note also the near oversold nature of the MACD (blue circle). Once the bull flag completes, I expect price to put in $23,000 and then $26,440.
This is my first alternate count where there is an a,b,c, and this should take price lower than the red A wave. if so, now biggy, the destination hasn't changed....that being UP!
Here is my Third count, and the small Head & Shoulders could put a little pause to the uptrend. If so, price has minimum price move potential for $14,161 or so. However, this is the least probable for me, but for awareness sake, these pathways coudl keep the panic away!
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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