AXS is currently on its last wave using the Elliot Double Combo Wave labeled as W, X, and Y. We are currently on the corrective phase of the completed 5-wave pattern of wave Y. This is also supported by 3 bearish harmonic patterns namely Gartley, Cypher, and Anti-Gartley. Based on my personal experience when several harmonic patterns will have the same potential reversal zone (PRZ) the more likely the pattern will play out.
DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.