I still feel new to TA but already fell in love with elliot fractals. The ongoing correction is absolutly perfect regarding subwaves and targets. See how subwave C of wave B perfect hits the 132,8 % retracement, which is one of the main targets of wave C. Even in 15m candles you can count the subwaves piece by piece, hitting perfect their main targets one by one. The universality of fib within elliot is unbelievable. Expect heavy shortterm downtrend momentum now since Wave C will be an impulse.
Note
In addiiton to that it's weekend now....this could get ugly
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.
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.