Elliot wave count following a breakout of an ABCD relief pattern shows wave 1 and the abc waves are completed, wave 3 about to commence and we should see price make its way towards the fib extensions.
Note
GRT found resistance around the 27.2 fib extension (also a prior S/R level). Price could have a short relief period before making its way to the 61.8 fib extension.
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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.