EOS Could Be Patterning an Expanded Flat

SUMMARY

EOS is still well within the broadening pattern. Price had touched the bottom line and bounced. Even if the bottom line is touched again, it'll be a higher low. This means that Elliott Waves are well in effect. That means that waves abcd (blue) are likely complete and e could be in the works.

The initial round of impulse is shown to have the below Elliott Waves. I believe the whole set of waves needed to rise towards the E wave will be a bounce off the higher low.

The microwave, closeup, shows that wave 1 is likely done with the abc being an expdended flat. IF so, then the five subwaves of the C wave is shown with 1,2 complete and 3 nearly done with 4 and 5 next.

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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