Waiting for the current impulsive structure to break soon
After a five wave impulsive structure, we're seem to be break out in an corrective pattern, forming a wedge shaped A wave.
Leading Wedges like the structure currently forming can only appear in the 1st wave or the A wave, supporting the idea (Elliott wave theory).
Leading Wedges like the structure currently forming can only appear in the 1st wave or the A wave, supporting the idea (Elliott wave theory).
Note
Proposed wavecount on 4H chart
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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.