Elliot Wave: ASX NIC forming a wave 1
ASX NIC broke the correction wave B high. Indicating a potential Wave 1 formation.
Wave 1 are typically small to enter into a meaningful trade in terms of returns. Best to wait for retracement Wave 2 and enter at the beginning of Wave 3.
Wave 1 are typically small to enter into a meaningful trade in terms of returns. Best to wait for retracement Wave 2 and enter at the beginning of Wave 3.
Note
ABC turned into an ABCDE correctional wave pattern
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