assuming elliott wave 4 is not completed, then
the current market view is likely to be in redistribution phase and price action can take place as in the wyckoff redistribution schematic
further details available on the chart
alternatively, if elliott wave 4 is already completed then we are already in wave 5 and heading towards new ath
please note that this analysis is not a financial advice
happy new year
the current market view is likely to be in redistribution phase and price action can take place as in the wyckoff redistribution schematic
further details available on the chart
alternatively, if elliott wave 4 is already completed then we are already in wave 5 and heading towards new ath
please note that this analysis is not a financial advice
happy new year
Trade closed: target reached
in case formation is runnng flat then target reachedyet the formation could be extended flat so some more drop to be expected
wait for clear confirmation for long entries
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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.
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.