That’s the both scenarios that are playing on the charts from Elliot wave’s theory Bullish scenario is the following we finish the corrective wave of ABC in orange as showing on the charts and now we are heading for this uptrend to continue our wave 3 in green that will take us to the areas of 71k. As you see that I have labeled the white scenarios from 1 to 5...
tracking our bullish scenario since November 2021 we reach for wave 4 and trying to confirm that we after we bottomed on the 5 of august we are trying to track the short term bullish rally we are having from the areas of 48,888k. we need our 5 wave us and 3 waves pullback to confirm that we have bottomed, for now market has formed for us 3 waves bulls need to...
www.tradingview.com probabilities 4 hr 1- take the 63k before a big retracement to take the 49k. 2- take the low of 49k first the go up as finished wave 4 and start the wave 5. please note all this structures look more corrective then impulsive that give more probability to take the low sooner or later.