BlueDog624

Elliot wave pattern developing in new COVID cases in US

COVID19:CONFIRMED_US   COVID-19 CONFIRMED US
The trader in me can't help but to notice the emotional component to the COVID response in the US. There is a large amount of altering panic and denial. This results in rapidly altering between tightening and loosening social distancing measures. With a several week timelag, this results in more and fewer new cases. Pumping like price action on a hot stock. Experts including Fauci are predicting that in the not so distant future we are going to see days with 100,000+ new cases of COVID in the US. Looking at COVID as an Elliot wave this would mean extension to about 2.168. This is not meant to be a prediction or time line. Just interesting that these numbers are lining up. Admittedly, yes, amount of testing is going to play a roll in this. Similar analysis with death rate shows a similar pattern. From here it seems like COVID is going 3 wave in the US.
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