I'm seeing the start of wave 3 of a corrective wave C starting based on my Elliot Wave count.
Why I think that!
1. Corrective wave A and B clearly moved in a 3 waves
2. This means wave C has to be a 5 wave move. (3-3-5 Flat)
3. The start of wave C is confirmed by the impulsive 5 wave up
4. Wave 2 of C has retraced to 0.618 with the start of wave 3 happening
Please feel free to comment and share you thoughts
Cheers
Don
Why I think that!
1. Corrective wave A and B clearly moved in a 3 waves
2. This means wave C has to be a 5 wave move. (3-3-5 Flat)
3. The start of wave C is confirmed by the impulsive 5 wave up
4. Wave 2 of C has retraced to 0.618 with the start of wave 3 happening
Please feel free to comment and share you thoughts
Cheers
Don
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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.