Elliot wave analysis Golden ratio and fib zones Supply and demand
Wave 2 seems to be a triple correction, this correction is likely to end at 0.786 - 0.886 fib levels I expect the price to hit between 1.1265 - 1.1248
Wave 1 had 14198.10 PTS Wave 2 was a correction of about 50%, pushing the price to 6469.95 PTS (MARKET CRASH OF 2008) Since the end of wave 2 and the start of wave 3 at 6469.95, the market had an increase of 357.01% to 29568.57 (End of wave 3), that's and increase of 23098.62 PTS and that's about 161.8% of the 14198.10 PTS HIGH (14198.10 x 1.618 = 22972.52...