My idea seemed correct from my previous one. It did drop to 8.9k~9k level and picked up again. However, too little increase to make something happen as expected.
What I figured, We finished Elliot wave and it is time for correction wave A,B,C.
A,B will move within this triangle. Meaning we will see a drop again once near 8.9k or little higher than the previous drop.
From here, another very little bounce, preparing for the breakout of triangle formation. The Wave C, I expect, will bring us to 8.5~8.4k region.
What I figured, We finished Elliot wave and it is time for correction wave A,B,C.
A,B will move within this triangle. Meaning we will see a drop again once near 8.9k or little higher than the previous drop.
From here, another very little bounce, preparing for the breakout of triangle formation. The Wave C, I expect, will bring us to 8.5~8.4k region.
Note
Ok mistake. We already had A,B correction now waiting for Correction C.
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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.