I am new to Elliot wave. Opportunity to capitalize on wave 5. Wave 4 is testing 50%Fib level, which is on confluence with structure of wave 1 (acting as resistance). Furthermore, wave 4 is forming rising wedge (bearish signal). The next expected move is retest of structure (wave 3) and to -0.27 Fib D.
T1: 126.07
T2: 124.66
T1: 126.07
T2: 124.66
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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.