Updated Chart: The first target has been met. Let’s see if consolidates for a bit then busts up or does it get rejected.
The key support area I’ve been writing about has provided support as expected. Now the area to focus on ranges from R1 at 1330 to the neckline of the head and shoulders (orange area on graph) a break above it would indicate wave 2 is complete a rejection means the c wave down is coming, see my post last night for its target.
I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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