Update
Price followed fractal (blue wave) beautifully, I just adjust it to the new low, remember that it doesn't have to follow it exactly, it just an aprox. of what might happen
Elliott Wave 4 right now, as the book says try not to trade wave 4, it would range, laterally.
I think price would bounce a few here and finally look for a final drop, Wave 5.
Price followed fractal (blue wave) beautifully, I just adjust it to the new low, remember that it doesn't have to follow it exactly, it just an aprox. of what might happen
Elliott Wave 4 right now, as the book says try not to trade wave 4, it would range, laterally.
I think price would bounce a few here and finally look for a final drop, Wave 5.
Note
We might be ending wave 4 soon.
Right now I see we are on subwave 4 of C of the wave 4. We might see some more range, aumulation here, but that could be just the ending of wave C and the beginning of wave 5... all that might seem like acumulation, notice: wave 5 of c could looks like break of resistence, wave 1 migh look like retest on a support, and wave 2 continuation to the upside, but that is just a squiz, distribution, then would continuate it's trend to the down side building wave 5.
Related publications
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.
Related publications
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.