candlestickninja

EWP Count Starting 2016, feedback welcome!

Short
Elliot Wave Principal and wave counts are really based off of the Fibonacci Sequence, you can arrive at similar conclusions with different counts as long as you follow the rules, this is my best count on the S&P500 With my ABC correction post wave 5 which I assume has ended around 3950. This is relatively a shallow correction and if it does play out over the next 2-4 months in a such a way it may very well turn into a complex correction that's deeper, but I'm starting with a more shallow correction and keeping it simple. I'm not great at elliot wave counts, my strong suite is in Fibonacci extensions and retracements and candlestick patterns :)

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