Chart on ABX - Market Analysis for Mar 2nd, 2018


We have a very interesting development today in the ABX chart.  Off the lows, we have what can be viewed as a micro 5 wave structure off that low.  Should we see a corrective wave ii pullback, in yellow, and the market can then rally through the resistance box, we may have our first significant 5 wave move off the target low pointing up towards the 13 region, as presented in the yellow count. 

So, for now, I am going to be a bit more patient to see if we even get the i-ii set up.

Avi Gilburt is founder of ElliottWaveTrader.net.


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