The TradingEdge

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Thoughts on X Elliott Wave Chart

Hi BT, was wondering if the chart below fits the description of Elliott Wave Theory? I have never done E-Theory before. Not sure I even understand it at all. All I did is look at the stockcharts.com E-wave description and matched it onto the X chart.

Here is the chart I based my drawing on, from StockCharts.com:


Here is the X chart:


Obviously way too soon to say X will go down the C wave as the $56.33 high was just put in today (closed $55.30).

What do you think?

Thank you in advance...