©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
The wave ((b))-navy itself is a Zigzag, labeled wave (a)-orange, and the most recent wave (b)-orange is probably also finished, now we could be moving up with wave (c)-orange. While price must remain above 2,605.085 to maintain this view.
Alternative scenario (ALT, less likely): Shows that wave (b)-orange is not finished yet, but has a leg to push lower.
Key point: 2,605.085
The wave ((b))-navy itself is a Zigzag, labeled wave (a)-orange, and the most recent wave (b)-orange is probably also finished, now we could be moving up with wave (c)-orange. While price must remain above 2,605.085 to maintain this view.
Alternative scenario (ALT, less likely): Shows that wave (b)-orange is not finished yet, but has a leg to push lower.
Key point: 2,605.085
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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.