Please see my previous post, as stated I am new so this most likely it could be wrong, but so far it has played out to what I have drawn earlier in the month.
I do believe that we now may have an Elliot wave here, with the 4th wave underway and 5th to be completed. I believe once this 4th wave is completed on either the 50 or 61.8 FIB marks, we will then see it progress back up and hit the Weekly trend line, with a nice retrace down to test Lows.
Short, sweet and simple. Lets see how this goes.
Please if you have any feedback or constructive criticism, I would LOVE to hear from you, please comment.
Happy trading!
I do believe that we now may have an Elliot wave here, with the 4th wave underway and 5th to be completed. I believe once this 4th wave is completed on either the 50 or 61.8 FIB marks, we will then see it progress back up and hit the Weekly trend line, with a nice retrace down to test Lows.
Short, sweet and simple. Lets see how this goes.
Please if you have any feedback or constructive criticism, I would LOVE to hear from you, please comment.
Happy trading!
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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.