THE NEAR-TERM UPTRENDLINE IS STILL WORKING SIGNIFICANTALY SO FAR, IT IS STILL STANDING AS A BARRIER AGAINST FALLING PRICES
BUT HOW LONG CAN IT HOLD ?. IF THE MARKET IS AT THE START OF A DECLINE, U SHOULD EXPECT THAT THIS TRENLINE CAN‘T AFFORD FOR LONG TIME, AND SOONER OR LATER IT WILL BE BROKEN , IN THIS SITUATION, I DO THINK THE ELLIOTT COUNT WHICH IS NEARSET TO REALITY IS 1,2,3....NOT ABC. BUT IF IT IS ABC ? WE NEED PRICES TO COSE BACK ABOVE31120
EVENTUALLY, IF THE UPTREND IS BROKEN , WE HAVE A MEASUREMENT LIKE THE METHOD OF HEAD AND SHOULDERS, WE WILL TALK ABOUT IT LATER WHEN THE BREAKING OF THE UPTREND OCCURS
