XIV, Death Of An Elliott Wave Count!

 

Once I switched this chart to a daily type setting,  the big long spike had opened up into a massive gap. This ETN is history folks, as they plan to stop trading it on February, 20th, 2018. It will disappear into the dustbins of history and take this wave count with it.  You can add a Cycle degree wave 3 to this peak, but you will never ever see Cycle degree wave 4.  The gravitational pull was so great that not even light could escape from it.  Just like centers of universes have black holes, this ETN is also imploding into a black hole.

Credit Suisse ends obscure volatility security after an 80% plunge

 

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