Elliott Wave update for Alliant Energy Corporation

This Elliott Wave update on Alliant Energy Corporation is a sequel to the detailed analysis posted on 1st June 2014 in Wavetimes.com. Here is the link for that post: https://wavetimes.com/elliott-wave-analysis-of-alliant-energy-corporation-nyse-lnt/
For your convenience, I have also appended this new chart at the bottom of the older post as well. As most of you know, this blog is dedicated to all the traders and investors who seek to improve their financial market performance. I would like to call this a “Living Book”, an extension of Five Waves to Financial Freedom.

(Some of you might be interested to check out the other website, wavetimes.net which caters to professionals who have significant money at risk)

Elliott Wave Ending Diagonal
Elliott Wave Ending Diagonal

Elliott Wave Cycle Explained

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  1. Ending diagonals appear to very reliable once identified, as per the one in eurusd which looks to have completed between Nov 2013 to May 2014, and as per the one finishing (just as of 4th July 2014) in GBPUSD, “possibly”.

    See if the 4th July marks the high in GBPUSD for a potential decline back below the 1.5 region, there is no confirmation yet.

    1. Hi Kevin, You certainly have keen eyes. But I don’t think we are anywhere near completing this diagonal. It is probably a couple of months away, during which we could dip to 1.6980, and just when everyone wakes up to the potential break of the diagonal, we will rally anew to 1.7250. DO me a favor and remind me if we reach 1.7250, by email as well as through these comments (I look at the comments once every few days). Best

  2. Hi Ramki,
    I have read your book and have following queries.
    1. how one should identify that wave 3 and 4 got over. is there any tool lie RSI, Elliott wave Oscillator by which we can come to know about it.
    2. Is RSI reading is maximum at end of wave 3 always,


    1. Sandy, If wave 1 was of normal proportion, you should not be surprised if wave 3 extends. However, sometimes wave 3 is also normal and wave 5 extends. It is unwise to try and pick the top of wave 3. Instead, look to get on the trend when wave 4 ends. My book explains how to determine the end points of corrections. All the best.

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