SUMMARY
The Neck Line of the Head & Shoulders has been breached. It seems more likely that the correction has started. A HEALTHY CORRECTION!! The chart below shows the detail of the breach. Could this be just a stab and price could retrace back above the Neck Line? I don't think so. I think we're having a healthy correction start.
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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