Update
Price followed fractal (blue wave) beautifully, I just adjust it to the new low, remember that it doesn't have to follow it exactly, it just an aprox. of what might happen
Elliott Wave 4 right now, as the book says try not to trade wave 4, it would range, laterally.
I think price would bounce a few here and finally look for a final drop, Wave 5.
Price followed fractal (blue wave) beautifully, I just adjust it to the new low, remember that it doesn't have to follow it exactly, it just an aprox. of what might happen
Elliott Wave 4 right now, as the book says try not to trade wave 4, it would range, laterally.
I think price would bounce a few here and finally look for a final drop, Wave 5.
We might be ending wave 4 soon.
Right now I see we are on subwave 4 of C of the wave 4. We might see some more range, aumulation here, but that could be just the ending of wave C and the beginning of wave 5... all that might seem like acumulation, notice: wave 5 of c could looks like break of resistence, wave 1 migh look like retest on a support, and wave 2 continuation to the upside, but that is just a squiz, distribution, then would continuate it's trend to the down side building wave 5.