It is possible to count 5 waves down from the top. I labelled wave 5 as finished but it's possible that it has just started where wave i of 5 and ii of 5 have just finished. Note how MacD shows divergence as it reaches a wave 5 on every degree.
I was born on July 20th 1983. I have been trading since 2007 and using Elliott Wave analysis since 2008. I also use trendlines, fibonaci, candlesticks and various indicators to determine a future direction of price.
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