SUMMARY
Here is EOS short term countshows that blue waves 1,2 and 3 are complete. Look how the subwaves of blue 3 fit so nicely (purple). I believe blue wave 4 is in progress. I'ts like a ZigZag of which the A and B waves complete. Wave C is in progress and I've added the white subwaves. It could potentiall go sub $10 temporarily; but not required.
The broadening pattern is still intact. The blue waves 1,2,3 are done and 4 is in progress. Once blue wave 4 is complete, wave 5, an extended wave 5 is probable. The MACD broke out of the symmetrical triangle and peaked to an overbought and has now declined to an oversold. Look how the MACD is now forming a downward wedge pattern.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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