I've predicted this path for the head of the second shoulder based on previous trends and patterns. Therefore I've come to the thought that this all is just the (B-Wave up) and a part of a big ABC correction following up on our 5 wave up. (which was A) After hitting this target we should be seeing a sharp C wave finishing up this shoulder pattern nicely.
Like all my other TA, it's all based on trendiness ,fibonacci and Elliot wave theory.
If you don't know --> check out my other idea

Please let me know what you think.
Bye now
Like all my other TA, it's all based on trendiness ,fibonacci and Elliot wave theory.
If you don't know --> check out my other idea

Please let me know what you think.
Bye now
Note
As of now, I'm leaning more towards the second scenario.this was an ABC correction.
Interested in seeing what happens once we reach point C.
I'll keep this post updated
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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.