It seems to me like the we see a big bullish impulse move. If the correction wave 4 breaks the triangle pattern support, it can retrace back to 0.5 fib before it bounces up to begin the wave 5.
The target for the wave 5, is the zone between 1.618 Fib extension of 1-2 Waves and 1 Fib extension of 2-3 Waves. The stop-loss is just under the end of Wave 1 as...
Hey guys. I'm still learning and this is my first analysis. It probably won't close as I'm sure there are things that I didn't consider.
I saw one big A wawe consisting of two eliot wawe pattern and the B correction wawe. Supposing it will climb to 1:1 Fib Extension point.
Take profits inside the zone.
Let's see what will happen, I'm excited ^^
I'd be more...
We see here a symmetrical triangle pattern after an uptrend. It can either break it upwards and go bullish or break it downwards and go bearish.
I made an analysis supposing that it will go bullish.
After the C wave, it may go up to 1:1 with the A wave to the 1 Fib Point. If it rises up as the difference of the triangle it comes in the zone between 0.786 and...
