Elliot Wave, Wychoff and Master Pattern Analysis
Notes the 4th Elliot wave structure in a form of a channel of which price broke out impulsively. The 4th waves average price is a significant zone for a reversal and it aligns closely with the neckline of the over extended M - Formation market with grey structure zone.
There might be potential selling opportunities in that zone as well.
There might be potential selling opportunities in that zone as well.
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