A complete 5 Wave move marked in Brown ended in confirmation at the 261.8% and 161.8% Fib levels. We can expect a buying move to the 361.8% Fib to complete the 5th Wave. Keep in mind that is the last Wave of a B(Green) of a Flat. What follows after that is a Wave C. The Elliott Wave is the map and compass of the Market and this is one clear example.
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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.