Price has risen nicely out of the third consecutive wedge pattern. Just earlier, a higher high had been logged. The white waves show a probable impulse as subwaves to the blue 3. This coud occur overnight but to travel to $12,112 as shown below will likely take a few days.
Let's not lose sight of the longer degree of trend. The Inverted H&S (IHS) is complete and likely to be confirmed with overnight price action. The white waves outline a target towards $12,306 for wave 3 and $13,157 for wave 5. The larger target remains $17,655 and the higher degree of trend Elliott Waves to reach there will be reviewed in the coming days.
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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?