In EWT one type of correction is 3-3-5 called an expanded flat.
see:elliottwave.net/educational/basictenets/basics3.htm
IFFFF that is what is happening now often the correction will go to .62-.78 return to the first way down. (target zone) shown. Watch for price action at this level which suggests the winds have changed to down.
see:elliottwave.net/educational/basictenets/basics3.htm
IFFFF that is what is happening now often the correction will go to .62-.78 return to the first way down. (target zone) shown. Watch for price action at this level which suggests the winds have changed to down.
Note
IFFF this count is correct we could get a reversal in the next couple of days. We'll see. Note
Of course the price could even go up further to form a double top.
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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.