As you can see , I count Elliott waves of this chart since data has existed.
Finally I think it is in wave 2 and correction type is triple combo.
because latest bullish movement has been shortened in wave 5.
So we understand that latest movement was zigzag and because we have 3 (3-pattern) before it,I guess its 4th (3-pattern) from triple combo.
On the other hand, wave 1 from greater cycle through latest wave 4 of its previous cycle,So it amplified this chart is bullish in long term.
If I am not mistaken,it seems that we can be bearish in this chart until latest zigzag to be completed.
And then we have a big position to open buy trades.
Its my honor that correct me if have a better idea about it.
Have a good trades.
Finally I think it is in wave 2 and correction type is triple combo.
because latest bullish movement has been shortened in wave 5.
So we understand that latest movement was zigzag and because we have 3 (3-pattern) before it,I guess its 4th (3-pattern) from triple combo.
On the other hand, wave 1 from greater cycle through latest wave 4 of its previous cycle,So it amplified this chart is bullish in long term.
If I am not mistaken,it seems that we can be bearish in this chart until latest zigzag to be completed.
And then we have a big position to open buy trades.
Its my honor that correct me if have a better idea about it.
Have a good trades.
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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.
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.