SUMMARY
Southwest (LUV) has been flying high (punt intended). The sequence of the higher degree of trend (white) has been such that white wave 3 has brought LUV to continuous all time new highs for since 2012! That's how a wave 3 works...it's the most extended of the 5, usually. Since subwaves of white wave 3 seem complete (blue), I believe white wave 4 could be next and might already have started.
The red ABC corrective sequence label shows that A could be complete. Given how oversold the MACD is also, the B wave bounce is due. White wave 4 could reach towards the bottom of blue wave 4 before an actual turn for white wave 5 which should also impulse as shown by the blue subwaves.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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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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Are there a few tips for me to grow fast in steemit? do I have to spend a lot of capital? greetings from me in Indonesia, Aceh. I am amazed by the acquisition of very large numbers in each of your posts.
Best regards @jubagarang
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Thanks for the continuous updates on multiple commodity types. You are one of the most accurate analysts Iv'e come across, and furthermore the fact that you teach wave counts is invaluable. I have a few under the radar requests, if any catch your eye your take would be greatly appreciated. OPT on HitBTC (rumors of binance, bittrex additions; both follow the project on twitter). GOLOS (the russian steemit. chart looks intriguing, down to a trickle of volume, and possibly a play if great Steemit news comes out? ) and lastly, NMR. A chart very similar to IOP, an amazing project I discovered through your blog last year. Thanks Haejin!
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Thanks for uploading this type of post.
I'll be waiting for your post for real-time alerts.
Let me follow you and I'll follow you.
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you are best
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saludos amigo muy buena información
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thank you for keeping me updated.
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A very useful post @haejin, amazing
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