Optimism/USD: Gartley + WXY Elliott Wave Correction Completion
A few factors that may indicate a trend reversal near term for the fast-falling optimism token:
Don't try to catch the falling knife, like I did, yesterday.
- High time frame Gartley pattern potential reversal zone (PRZ).
- Looks like the WXY on the HTF correction is near complete, with a final drawn-out zig-zag, nearing it's AB = BC wave length comparison.
- The komo cloud is still trending down strongly, but getting thicker - indicating an overextension from the mean.
Don't try to catch the falling knife, like I did, yesterday.
Note
Fixed the chart to show the last AB=BC zig zag:Note
Target 1 achieved.
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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.