M&M going for 4th wave correction
Trading is a game of probability, but there are some common factors such as patterns, theories and strength/weakness.
If you learn that you will get a route map for trading.
Learn from books and build your own ideas channels can give only basic knowledge/tips.
My analysis of M&M This Analysis is done only for Educational Purpose, Invest or Trade at your Own Risk.
According to Elliot wave theory
3rd wave has been completed it was an extended wave
If wave-4 is complex correction 5th wave will be equal or greater than wave-1
After completion of 3rd wave there was a flat pattern.
Strength and weakness
B- wave pullback was extended that means the Bulls are still strong
Wait for weakness of bulls and can expect a move until 508 ~ 475
If you learn that you will get a route map for trading.
Learn from books and build your own ideas channels can give only basic knowledge/tips.
My analysis of M&M This Analysis is done only for Educational Purpose, Invest or Trade at your Own Risk.
According to Elliot wave theory
3rd wave has been completed it was an extended wave
If wave-4 is complex correction 5th wave will be equal or greater than wave-1
After completion of 3rd wave there was a flat pattern.
Strength and weakness
B- wave pullback was extended that means the Bulls are still strong
Wait for weakness of bulls and can expect a move until 508 ~ 475
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