Use this as a guide to develop your view of the chart.
Main items we can see on the 4hs chart:
a)currently, the price is on a Support zone
b)On that support zone, we expect a reaction towards the broken ascending trendline
c)From an Elliott perspective, we have a full count 12345 and now is correction time
d)How is a correction composed of 3 Waves ABC now we are on A and we expect B to come
e)If that happens, we should expect a final C before the continuation of the bullish movement.
Main items we can see on the 4hs chart:
a)currently, the price is on a Support zone
b)On that support zone, we expect a reaction towards the broken ascending trendline
c)From an Elliott perspective, we have a full count 12345 and now is correction time
d)How is a correction composed of 3 Waves ABC now we are on A and we expect B to come
e)If that happens, we should expect a final C before the continuation of the bullish movement.
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.