Elliot wave pattern developing in new COVID cases in US

324
The trader in me can't help but to notice the emotional component to the COVID response in the US. There is a large amount of altering panic and denial. This results in rapidly altering between tightening and loosening social distancing measures. With a several week timelag, this results in more and fewer new cases. Pumping like price action on a hot stock. Experts including Fauci are predicting that in the not so distant future we are going to see days with 100,000+ new cases of COVID in the US. Looking at COVID as an Elliot wave this would mean extension to about 2.168. This is not meant to be a prediction or time line. Just interesting that these numbers are lining up. Admittedly, yes, amount of testing is going to play a roll in this. Similar analysis with death rate shows a similar pattern. From here it seems like COVID is going 3 wave in the US.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。