Nearing the end of the second complete Elliott Wave on this pair (at least IMHO). Previous waves showed tell-tale divergence at the 5th wave. There is a possibility of this actually becoming a 3rd wave. But if the past is indicative, it's more likely the C leg of a corrective structure, we'll have to wait and see. I'm looking to enter this trade on a bearish candle pattern inside the PRZ. My PT will be at the harmonic AB=CD(0.81500) which also happens to be the bottom of the Ichimoku Kumo(cloud). I'm new to Elliott and trading in general, so any feedback would be greatly appreciated.
Note
Sell Order .85500Initial target .83488
Stop loss just above swing high.
G/L
Note
Wow!!! That was ugly.
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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.