-We may see a fall towards fibo 1 or even lower. - More confirmation below the apex of triangle. guidelines of flat. Wave B usually retraces between 100 and 138 percent of wave A. Wave C is usually between 100 and 165 percent as long as wave A. Wave C usually ends beyond the end of wave A.
FTT has rallied then declined in a 5-3 Elliott wave pattern. In Elliott wave terms, when you have a five-wave advance followed by a three-wave decline, most times, it is followed by another five-wave advance. From June 2021 to the Sept 2021 high, prices rallied in a five-wave impulse pattern. Then from September 2021 to the December 2021 low, a three-wave...
Wave 4 green finish LD / leading diagonal / 1-5 white waves / finish / small time frame /
Update my previous chart for complex correction my wave iv /yellow/ and start new impulse wave for wave v /yellow/
Full count Elliott wave 1 W -12 H and 4 H time frame 1. 4 H - time frame - bear divergence for wave iv - yellow / next wave iv - yellow - drop price / 2. 4 H - time frame - bear divergence for wave 3 white and wave 5 white, for finish wave iii - yellow, wave v - blue and wave 5 white / next wave iv - yellow - drop price / 3. 4 H - time frame - wave 5 white -...
I can see price having the potential to travel to 130.40. I'm waiting for a retest before I enter for the sell.