What if I've been wrong on equities, unlike gold or currencies, because I thought we were in the wrong phase of the Elliot Wave?
This analysis shows that whatever wave we are in is nearing a 1.6 Fibonacci relationship to the initial large wave (viewing in monthly scale).
If that's the case, then expect today's down-turn to be temporary and for the market to continue to climb before turning down at the Fibonacci extension of wave 1 to, finally, end wave 3...we'll see...
This analysis shows that whatever wave we are in is nearing a 1.6 Fibonacci relationship to the initial large wave (viewing in monthly scale).
If that's the case, then expect today's down-turn to be temporary and for the market to continue to climb before turning down at the Fibonacci extension of wave 1 to, finally, end wave 3...we'll see...
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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.
Related publications
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.