Elliott wave and ending diagonal pattern
Updated
Hi traders. As you can see my chart and Elliott waves, I think 4th wave of impulse wave has finished and we are in 5th wave that seems it's an ending diagonal pattern. However we can see a parallel channel for impulse wave and red lines as good resistances. Also MACD, ADX and RSI are bullish. As a result, around 213$ will be my sell point. If my analysis play out well, we'll see an ABC correction after.
Disclaimer!
This post is a personal analysis for my educational purpose so doesn't provide financial advice at all. please do your own research. You must be responsible for your trading only!
Disclaimer!
This post is a personal analysis for my educational purpose so doesn't provide financial advice at all. please do your own research. You must be responsible for your trading only!
Trade closed: target reached
As you can see, the first target reached, but 3th wave has not finished yet. please notice, 4th and 5th waves will remain!
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