Currently in the 2nd Swing (B Wave) of the initial A wave. What sort of flat will we get for Wave 4 of 5/3? I’ve outlined a few potential target ranges; see above.
Note
If the current A wave follows the black outline instead, targets must be re-drawn.Note
A Leading Diagonal for the 1st move of A means that the B wave will likely bounce back pretty high. Considering the first move of B wave, it seems we’ll likely get a double zig zag to complete the climb up to $56K.Note
Before we get any real targets, the 5-3-5 for A must develop. B wave is set based on the Leading Diagonal in A Wave. C Wave can end at 1.00, 1.618 or .618 of A’s length (as outlined on the chart).Note
Order cancelled
A Wave miscounted.
Decode the wave, anticipate the move. elliottwavescience.com
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Decode the wave, anticipate the move. elliottwavescience.com
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.