Elliotians will expect (C) bottomed within 0.618 - 1 fib of Wave 1 ( 6956 - 5802.5).
Although, lesser degree wave (12345) could go as low as 3937 if it's over-extended itself.
Using channel created by wave 2 & 4, we project the end of Wave 5 within the fib area
Although, lesser degree wave (12345) could go as low as 3937 if it's over-extended itself.
Using channel created by wave 2 & 4, we project the end of Wave 5 within the fib area
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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.