arkusdt 1-2 elliot wave setup
price likely topped in an abc structure and came down impulsively breaking relevant support levels. price then came up in 3 waves only into the resistence level for the second wave(suggesting a corrective move to the upside). therefore it is valid to count this as a valid 1-2 setup. the relevant short area for this setup is the black fibbonacci box and the target is below the last swing low at 0.243 for the third wave.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.