Price action and chart pattern trading > A more detailed project of Elliott Wave presents an alternative bullish scenario. > An Impulse ZZ family has possibly presented a wave 2 intermediate position going up making wave 3 on the way. > 1st target at wave 1 position, 2nd target at wave 3 at 1.213 - 1.618 zone and final target at wave 5 at 1.618 - 2.618 extension...
Price action and chart pattern trading > Estimated Elliott Wave standard ZZ correction ABC - impulse C at 0.786 - 1.0 of wave A but can be truncated or failure > Making the Elliott Wave main cycle W.II at 0.382 Fibonacci retracement of W.I starting point Note: projection in TF4H and TF1H can be different i.e. W.B position is projected as new Wave 1 cycle. Always...