An Elliott Wave Ending Diagonal with the 5th wave coming in at 2138.04
2138.04 is the 1.618 extension of the subprime top and devils low. 2138 is also a confluence area where the 1.618 extension comes in from the major wave 3 swing high and major wave 4 low at 1821.61
Will it all end in an huge SHS? ...the form is a guess but we will at the beginning of a downtrend see a lower high. So a SHS is def. possible.
It's the game plan so far. We will see confirmation or invalidation when wave 3 (green) is a the 1.50 fib. A huge blow off from here and it's not an ending diagonal but a normal 3rd wave up . But do we see a Gartley 5.0 pattern (the tilted w in green)...the top is possibly in.
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.