Elliot Wave Applied to Four Hour Chart
When applying the Elliot Wave Theory to where we are as of now I can see us moving with one more wave up... And then a dip to the downside... Also looking at our past bear trends it seems as though we should almost definitely see more bearish movement before our next pump. And yes of course I know the past shall not always represent the present or future movement. But the past tends to rhyme with the way price moves if that makes sense.
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.