A new revision with more data looking more into the macro wedge, it insinuates that we may be approaching a bit of a squeeze
Price is currently making a rounded formation, where Im seeing possibly a W shape recovery to bring us up to the wedges resistance, or some sort of reaction at this bottom trendline/highlighted area to give us some volume to come...
..Looking at Impulse Elliot wave - as well as a Heavy resistance met in a descending channel on the Daily (Please refer to my earlier post).. (updated from previous post on the 1HR.
Please drop a comment if you agree or disagree - would love the input.
..Looking at Impulse Elliot wave - as well as a Heavy resistance met in a descending channel on the Daily(Please refer to my earlier post).. I feel like we are nearing the end of a run and entering into a correction. I fully expect us to retest the high of wave 2. As you can see each impulse has been met with roughly a 7% gain. I would expect this last leg up to...
Looking at Impulse Elliot wave - as well as a Heavy resistance met in a descending channel on the Daily. I feel like we are nearing the end of a run and entering into a correction. I fully expect us to retest the high of wave 2. As you can see each impulse has been met with roughly a 7% gain. I would expect this last leg up to potentially acquire that aswell...
