We're seeing the Elliot Wave Principle being obeyed here.
1. Wave 2 did not retrace 100% of wave 1
2. Wave 3 is not the shortest of wave 1,3 & 4
3. Wave 4 retrace is not in the same price range with wave 1
Better keep an eye out on this one. looking for short position.
1. Wave 2 did not retrace 100% of wave 1
2. Wave 3 is not the shortest of wave 1,3 & 4
3. Wave 4 retrace is not in the same price range with wave 1
Better keep an eye out on this one. looking for short position.
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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.