Since 5-6 weeks I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism.
This is an absolute Elliot's Wave classic IMPULSE with classic ABC correction.
I believe there would be one more up to about FIB 0.618 before the corrective wave c is in action.
SELL after price is denied from the zone 1.3869 - 1.3700.
SL - 50-60 pips abouve the highest point of the zone.
Target 1 - 13464
Target 2 - 1.2410(long term)
This is an absolute Elliot's Wave classic IMPULSE with classic ABC correction.
I believe there would be one more up to about FIB 0.618 before the corrective wave c is in action.
SELL after price is denied from the zone 1.3869 - 1.3700.
SL - 50-60 pips abouve the highest point of the zone.
Target 1 - 13464
Target 2 - 1.2410(long term)
Note
The potential last move UP should develop till END of January.
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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.