US Wall St 30
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Elliot Wave Technical Analysis: Elliot Wave recounting & update

Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend


CHART ANALYSIS

Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Minute wave” correction Zigzag Pattern and is expected to make a decrease to the 161% Fibo Extension level as a target over the next 1 weeks


Note: to be able to identify "Divergence" whether Bullish or Bearish , you need to draw or mark manually by finding the change /difference of the trend (Divergence line) between the direction of Price vs RSI Indicator 14 - (can be done in small or large Time frame ) -

EW Note: Elliott wave is not a technique but it is to identify the Direction whether it is Down or Up.

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