Elliot wave theory analysis OMX AUG 2019-Alt 2
In this second alternative we explore the possiblity that we have reached the bottom of wave 2 of the secondary trend.
If that is the case than we shall now have started our third wave of the 5 waves in our secondary trend. when we have concluded the fith wave in our secondary trend that will conclude the fith wave of our primary bull trend.
It is a bit early to call this one as we need a higher bottom and the a break above 1540 before the probability rises. but it is a possible alternative.
If that is the case than we shall now have started our third wave of the 5 waves in our secondary trend. when we have concluded the fith wave in our secondary trend that will conclude the fith wave of our primary bull trend.
It is a bit early to call this one as we need a higher bottom and the a break above 1540 before the probability rises. but it is a possible alternative.
Comment:
Should of course be 1550 that needs to be broken.
Trade active:
Well this alternative is still looking valid but as we still have to break 1550 before the probability rises we remain cautious.
