Perfect Prediction, beginning Wave IV retrace
Updated
Honest, I saw that bull flag 30 minutes before it broke upward. And I had my orange line drawn before it broke also. So cool. But it doesn't matter if I called it or not, it appears that we are on the verge of the Wave IV retrace back down to 6800 level. I think it could drop a bit further than that but I hope not. It should stay above the top of Wave I or I will need to recount my Elliott Waves. All this volatility is fun to watch and fun to make profits with!
See my related idea for my previous idea...we are right on track.
Have a Great Day!
See my related idea for my previous idea...we are right on track.
Have a Great Day!
Note
On the 5-minute chart, we have a bear flag forming, which should end up with a target which coincides with my red resistance box perfectly. This would be a great place to get in before the next rally of Wave V begins to take us up 1000 pips from 6800-7800.
Related publications
Disclaimer
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.