Elliott Wave

Wave summary: A decline from 136.39 is clearly impulsive and has all the earmarks of a third wave decline. It is almost vertical and very strong, which is exactly what we would be looking for in wave 3. An ideal target for wave iii is seen at 132.98 where wave iii will be 161.8% of […]

Today’s support and resistance levels: R3: 147.59 R2: 147.39 R1: 147.05 Current spot: 147.03 S1: 147.00 S2: 146.78 S3: 146.38 Technical summary: The possible b-wave of the expanded flat pattern has extended higher and is closing in on the maximum target at 147.59. This resistance has to protect the upside for a break below support […]