The ABC correction is near complete having completed the Triangle and now nearing completion of the quick "thrust" Elliot calls for after a Triangle. C equals A about where it is now. Corrections often end at a previous forth wave, which could be now or up to 145 (1,450 cash).
Then look for the longer term bear to continue with a complete retracement, and then some, of the ABC upward correction...neutral for now, but longer-term short...
Then look for the longer term bear to continue with a complete retracement, and then some, of the ABC upward correction...neutral for now, but longer-term short...
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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.