Z1P - What will be the bottom before the bounce., page-573

Look I don’t have a problem with following a God. If it works for you and you are getting repetitive outcomes from it that make you money then fine. To me, the only thing you’ve identified in this chart is the stock is backtesting a rising trend line, and one which is also a previous resistance level. The price action currently is PREDICTABLE, in that hoard of traders would have seen the same thing and set their buy levels around this level hoping the stock will once again rise, and knowing it will either bounce or hold. Other than that, you are either going to be 100% right and so, reinforcing the belief system “wow, Elliot waves REALLY ARE PREDICTABLE THUS PRICE ACTION IS PREDICTABLE). Or you’ll be 100% wrong, perhaps believing that it must be some other identifiable PATTERN THAT WILL ONLY BE SEEN IN HINDSIGHT). My personal FEELING is that we will see the gap being filled at the $4.00 level BEFORE any sustainable rise. and the reason that stuck out to me is because it’s OBVIOUS.