Hi All,
After a very long break, i am thinking of reviving this thread.
So, here is the latest analysis:
1. Movement from 10004 - 10923 looks like an ending diagonal with a truncated 5th wave.
2. Ending diagonal at this stage in the chart implies a C wave of an X
3. If this is really an X, then, per Elliott Wave principle, a correction should follow that -
a. should be a zig-zag (alternation with earlier 11171-9951-11761-10004 flat correction)
b. should end below the earlier correction (10004)
Here is the weekly chart (the big picture):
and the zoomed in part of the last 10004-11923 movement (hourly chart):
Disclaimer:
I am not a certified financial analyst. All that i wrote above is only for educational purpose (education pertaining to the Elliott Wave principle). No one should take the above as anything more than an educational post. I am not responsible for any profits or loss arising out of a position taken based on the above.