In the future I’m looking for some sort of consolidation around the 30.5 and 31.50 range however till then we shall continue following Elliots impulsive wave until the “SWAN” event imo.
Please note I didn’t take into consideration the retracement percents but what I’m more concerned with is the correction (A,B,C,) looks a bit off.
This could be “idealized impulse waves" and I’m suspecting a trend line breaks upon test 29.45-30.18.
The orange wave will follow my thoughts.
Waves 1-2.5 I’m more confident in.
Let’s see how this goes….
Please note I didn’t take into consideration the retracement percents but what I’m more concerned with is the correction (A,B,C,) looks a bit off.
This could be “idealized impulse waves" and I’m suspecting a trend line breaks upon test 29.45-30.18.
The orange wave will follow my thoughts.
Waves 1-2.5 I’m more confident in.
Let’s see how this goes….
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