Post
Topic
Board Speculation
Re: Analysis
by
exstasie
on 08/11/2017, 23:20:30 UTC
I find in interested that masterluc see's the exponential trend but can't express it with elliott wave theory.

On the scale of the historic/primary count, it's impossible. Day-to-day or even week-to-week price movements can be too granular.

And if you'll recall, Lucif did attempt to draw a wave count a couple months back, predicting that we might fall to the lower $2000s in a local Wave 4. I believe that count was wrong and that we need to see considerably more consolidation (months of sideways congestion) before attempting to draw a Wave 4 onto the chart.