The secrets of the Elliot waves :
1. Wave 3 is the highest peak or lowest valley read by the RSI indicator.
2. In general, the end of wave 5 (impulse) always presents a divergence pattern with wave 3.
3. Usually, the correction wave (A-B-C) will trace between impulse waves 3 and 4.
TAYOR!
1. Wave 3 is the highest peak or lowest valley read by the RSI indicator.
2. In general, the end of wave 5 (impulse) always presents a divergence pattern with wave 3.
3. Usually, the correction wave (A-B-C) will trace between impulse waves 3 and 4.
TAYOR!
Note
If we check candles daily now, upward rejection is greater than downward. That is, buying interest is reduced, plus prices have reached the current highest supply limit. I would say bullish if the price passes 1515 and TP 1530 - 1540.
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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.
Related publications
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.