Elliott Wave & Harmonic Outlook
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I think we have a corrective bullish ABC structure being forming in progress , in which wave A is a Leading Diagonal , and the current wave forming is B which is WXY corrective pattern and can ends down to the pink 1.618 fibo level , but I think we have a good possibility for that corrective wave to end at the pink 1.0 fibo level as near that level an Anti Nen Star Harmonic Pattern will be formed . That green zone is a strong PRZ to the up side to form the final bullish wave C
as long as price holds below the dashed red horizontal line , short position can be placed to 1.0 pink fibo level , then look for any signal to go long as long as price holds above the pink 1.618 fibo level
as long as price holds below the dashed red horizontal line , short position can be placed to 1.0 pink fibo level , then look for any signal to go long as long as price holds above the pink 1.618 fibo level
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