Technical Analysis of the financial markets using Elliott Wave, Gann, Fibonacci, cycles and momentum indicators.
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How far can the 'c' wave that began on August 27 run? In price it theoretically can go all the way back to the April high. I only bring this point up because the analyst needs to determine whether the move developing from the August 27 low is all of 'c' or just wave '1' of 'c'.
The price action on Friday has caused a revision in the wave interpretation. Instead of the upward wave beginning on May 25 it must now be seen as starting at the July 1 low. The pattern from that point is a Flat.
