Please see TOMJ2417 great post today 11/23/17 on the SSMI
This is a follow up post, showing at the 15 minute level a probable completion of what TOMJ2417 has labeled as wave "5"
The fifth wave of wave "5" appears to be an Ending Diagonal Triangle(EDT). The sharp and impulsive decline from the peak is
exactly what you would expect after an EDT.
Additionally the daily SSMI chart from early 2016 to November 2017 shows a completed Elliott five wave pattern.
If this daily structure is complete, it implies at least a .382 retracement of the bull move from early 2016 to November 2017.
The only improvement that TOMJ2417 could have made on the SSMI post is on part of the title- text book Elliott wave?
That part of the title should be - text book Elliott wave!
The SSMI has a very clear Elliott wave pattern from the daily scale down to the 15 minute level.
Again, great post TOMJ2417!
Mark
This is a follow up post, showing at the 15 minute level a probable completion of what TOMJ2417 has labeled as wave "5"
The fifth wave of wave "5" appears to be an Ending Diagonal Triangle(EDT). The sharp and impulsive decline from the peak is
exactly what you would expect after an EDT.
Additionally the daily SSMI chart from early 2016 to November 2017 shows a completed Elliott five wave pattern.
If this daily structure is complete, it implies at least a .382 retracement of the bull move from early 2016 to November 2017.
The only improvement that TOMJ2417 could have made on the SSMI post is on part of the title- text book Elliott wave?
That part of the title should be - text book Elliott wave!
The SSMI has a very clear Elliott wave pattern from the daily scale down to the 15 minute level.
Again, great post TOMJ2417!
Mark