Long
VEN/ETH Elliott Wave Analysis (Set-up for Rebound)
I see a strong set-up for a rebound here. Quadruple confluence of:
1) Wave C at 61.8% Fib extension of A from B.
2) 31.8% Fib Retracement of the larger 5-wave impulse structure
3) Geometry on Pitchfork Channel
4) RSI in Buy zone
1) Wave C at 61.8% Fib extension of A from B.
2) 31.8% Fib Retracement of the larger 5-wave impulse structure
3) Geometry on Pitchfork Channel
4) RSI in Buy zone
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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.