The Daily Drip

Markets review, strategy and analysis

Note: The EW counts on the right edge are real-time, and they are prone to adjustments as price action develops. Elliott Wave has a fluid approach, is evidence-based, and requires constant monitoring of certain thresholds.

In the counts below, this (( )) = circle on chart

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Chart of the Day—TLS—Two obvious corrections set within channels. I'm expecting an impulsive move next. Above the blue horizontal line, longs would be triggered.

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Bottom Line: With the expected breakout occurring today, the bullish stance remains in favor and requires a further increase of long positions.

Let’s now dive into charts and further analysis below… then the Double Shot daily video.