This set up is based on the 5 impulse waves of Elliot wave theory.
The asset is well playing out a rising channel and looks to be heading for the 5th wave which is a larger impulse.
The asset is well playing out a rising channel and looks to be heading for the 5th wave which is a larger impulse.
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.