Will Elliot do it again?
Looks like we have a reverse symmie triangle here and wow oh wow.
If this is indeed the end of wave E then this will sling us out above the last high of 91.602.
This will effectively break us out of this months long descending wedge we've been ranging in.
We break out the wedge and who knows from there lol.
Both 3day chart and weekly chart RSI have the range to make such a move without being overbought.
lets see folks,
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.