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Could be building to bullish 5th wave
The elliot count looks like it's in the C of the ABC of the 4 wave and has one more 5th wave to on on the larger cycle.
It's stuck on a long term POC area right now and after this choppy correction it could end up going quite a bit higher to the fib extension.
No real trade yet once it looks like the 4 wave is completed with an obvious long bar to the downside it would be good to put on a watchlist to find entries long.
It's stuck on a long term POC area right now and after this choppy correction it could end up going quite a bit higher to the fib extension.
No real trade yet once it looks like the 4 wave is completed with an obvious long bar to the downside it would be good to put on a watchlist to find entries long.
Nota
Looks like it took off without hitting the buy zone
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.