Hey,
New to Elliot Wave Theory so hoping I've got this correct, still trying to get my head round it. Any advice would be appreciated.
Price just broke out of the contracting triangle at the end of sub wave 4 of wave 3. So I'm expecting a price to rise to complete sub wave 5 of wave 3 before having a deeper correction for Wave 4.
I've opened a long trade based off this analysis and my target is .618 zone.
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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.