Elliott Wave Update ~ 21 March 2025

Today wasn’t conclusive, but the price action leans toward a Minor 2 wave up in progress. So, the primary count would be thus:

The above is not the best-looking Elliott Wave structure, but it has a more impulsive look to it rather than corrective.

The top alternate is that prices must immediately fail come Monday and head to a lower low to prove out wave [iv] of 1 down had peaked. More sideways mess would indicate Minor 2 up as in the chart above. But it’s starting to not “look right” as an EW structure. Had prices ended today at a low-of-day, then this would have remained top count.