Ascending triangle spotted + APEX point nearing
Updated
Scenario 1: we're up trending from here on continuing our first Elliot wave up.
Scenario 2: This is the B leg up from the ABC correction from our last 5 waves up.
We see slight divergence on MACD, we see volume picking up but not by much.
Will the bulls push on towards our next resistance?
The decision point is nearing soon....
Scenario 2: This is the B leg up from the ABC correction from our last 5 waves up.
We see slight divergence on MACD, we see volume picking up but not by much.
Will the bulls push on towards our next resistance?
The decision point is nearing soon....
Comment
In scenario 2 we got support from our 55EMA + the 8088 fib level which we likely conclude the end of wave C.
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.