I'm just learning about Elliott waves, but looks like a 3 wave pattern is complete which may have exhausted the buyers. Of course Elliott waves are widely criticized in general and usually only valuable in hindsight, but along with the $5 overhead resistance holding today, am I crazy to think this might be taking a pause that refreshes?
Would like to hear comments from more knowledable posters.
I'm starting to see sell signals as well, however, given that this is happening at the end of the week, I'm hesitant to pull the sell trigger. It more than likely does need a pullback to gain steam again, but the market could look much different on Monday.
If I held shares (and not calls), I'd sell a portion here, yes