As we have hit Elliot Wave count 5 at around 11.8k, we are now in correction mode. I see a Elliot triple combo WXYXZ wave in progress with a target of around 8.4k as shown in the chart.
Further indicator is a head & shoulder pattern with the same target area.
Disclaimer: TA noob, no fincancial advise ;)
Further indicator is a head & shoulder pattern with the same target area.
Disclaimer: TA noob, no fincancial advise ;)
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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.