Elliott Wave Update ~ 27 July 2023

Well, if things are going to peak and turn as is the primary count, then it should be sooner that later. We can consider all the squiggles in place except maybe one final new uptick to form the last squiggle wave (2) high.

We had a tight and steeper up channel for wave [iii] of C of (2) and a less steep up channel for wave [v] of C of (2). So that makes sense. However, the pink channel is still very much intact. Perhaps the week will end on an upside note tomorrow.

And the larger channel the upside has also been met twice. So, everything counts excellent as a giant A-B-C since the Oct 2022 low. Now we will we see the aftermath. Should be interesting. The old bull mania seems to be back in full swing.