I won't ever say I'm an expert in Elliot Wave but this is my take. We are still in an abc correction and the second impulse wave heading down to the completion of the abc correction wave. Which should bring us down to around 7k before it completes.
Now I know plenty of experts are saying otherwise and I respect that, we all see things differently, don't trade off this, just keep it in the back of your mind and we will see later how things went. Remember there will be lots of smaller waves on the way.
Hope you guys have a good day trading, especially in this dark and gloomy market environment.
Now I know plenty of experts are saying otherwise and I respect that, we all see things differently, don't trade off this, just keep it in the back of your mind and we will see later how things went. Remember there will be lots of smaller waves on the way.
Hope you guys have a good day trading, especially in this dark and gloomy market environment.
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Head and Shoulder forming on the 4hr, helps confirm wave extent Note
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Award moment, Just realised that I had pulled down my fib tool, it is meant to sit a little higher, in line with the top candle and bottom candle of the recent retracement zone.Note
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Breaking down Note
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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.