The Traderszone Network

Published in TZ Latest News 5 August, 2016 by The TZ Newswire Staff

Elliott Wave Update 5 August 2016

The Wilshire made a solid new series of highs, The long term count has switched to the best altnerate. Instead of cycle wave b of (a) we should probably label it primary wave [5] of cycle wave V is nearly ending.  [5] of v actually gives more clarity to the situation. It sharpens the count.

From a technical perspective it makes sense. Note the RSI waning since the 1990’s. You would expect to see the strongest readings of RSI in a wave 3 and lessen and diverge in wave 5. Certainly we are seeing that now.

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