Elliot ABC retracement
This is a more in-depth update on the chart I posted yesterday, this time adding elliot waves to the mix. I know they are not standard, but the pattern seems obvious to me.
Atm there is resistance around the 0.786 fibs line, which should be broken if the full ABC retracement is complete. If we bounce off it instead it can signal another bullish run which would be a good entry especially since we're in OTE zone.
As always, do your own investments, don't just take my word for it, also any feedback is welcome :)
Atm there is resistance around the 0.786 fibs line, which should be broken if the full ABC retracement is complete. If we bounce off it instead it can signal another bullish run which would be a good entry especially since we're in OTE zone.
As always, do your own investments, don't just take my word for it, also any feedback is welcome :)
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