Elliott Waves is sometimes not tradeable. The reason is because there is no known method for predicting combinations and extensions (not that I know of anyway). So an Elliott Waver does what he can and tries to predict based on no extension or combination (extension may still be predictable with a certain accuracy if wave 3 falls short). Anyway, this is already the last move up is already the combination of 3 3-waves and in EW, odds of a 4th is highly unlikely. 3 is already a very unlikely event by itself.
Furthermore, as you can see from my chart, we do have an upslope resistance that could weigh in on any further rallies and my proprietary indicator also indicates a sell. Let's do this.
Furthermore, as you can see from my chart, we do have an upslope resistance that could weigh in on any further rallies and my proprietary indicator also indicates a sell. Let's do this.
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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.