Elliott Wave: TAIEX nears the end of Wave 5
The price of TAIEX has been going up after bottomed at 2020/3/19,
and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25),
therefore I expect the price is now heading to the last wave
According to my point of view, the micro wave 1 and 3 has finished,
it will be invalided when the price goes above 17819.78
Furthermore, another "evidence" also indicated the subminuette wave v will end around 17784 by adding up the width of triangle wave iv from the ending point of wave iv
and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25),
therefore I expect the price is now heading to the last wave
According to my point of view, the micro wave 1 and 3 has finished,
it will be invalided when the price goes above 17819.78
Furthermore, another "evidence" also indicated the subminuette wave v will end around 17784 by adding up the width of triangle wave iv from the ending point of wave iv
Note
The submicro wave 4 MAY have finishedNote
The 5th of 5th of 5th should be finished
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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.