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Optimism
Long

Optimism/USD: Gartley + WXY Elliott Wave Correction Completion

By wildhood
Updated
A few factors that may indicate a trend reversal near term for the fast-falling optimism token:

  • High time frame Gartley pattern potential reversal zone (PRZ).
  • Looks like the WXY on the HTF correction is near complete, with a final drawn-out zig-zag, nearing it's AB = BC wave length comparison.
  • The komo cloud is still trending down strongly, but getting thicker - indicating an overextension from the mean.


Don't try to catch the falling knife, like I did, yesterday.

Note
Fixed the chart to show the last AB=BC zig zag:
snapshot
Note
Target 1 achieved.

snapshot
Elliott WaveGartleyParallel Channel
wildhood
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