Strong resistance in this area, price broke out of this structure impulsively and should retrace into either the .50 or .618 Fibonacci levels.
Price broke out of weekly resistance and should now retrace into the .382 Fibonacci Level which is a high confluence zone.
Patiently waiting for this correction to complete around the .382 or .50 retracement levels to create a wave C to the upside to form an expanded flat.
Monthly Inverted Head & Shoulders with a daily impulsive break out of a key resistance. Price action created supply at this level and will continue the wave three from this zone.
Here's a chance to get involved in this sell #feedingthestreets
WXY correction into the 0.786 Fibonacci level. Monitor price action into this zone
Monitoring price action in this high confluence area for a nice shorting opportunity.
Price corrected in a falling wedge down to the 0.786 Fibonacci level and rejected massively. I'm expecting price to retrace 60-70% for the second wave and from there a 3rd wave will come with massive upside.
Structurally perfect setup for a buy from this area. Price created an over extended W formation, anticipating a wave 5 to the upside
If price corrects back into this area, will take a nice short
Bull Flag, price touched .618 and rejected with a lot of bullish pressure. Now price will retest structure and continue buying.
Look for ACB to go on a bull run . Up 94% pre market on projected Biden win
Great short opportunity from an Elliott Wave Perspective
Falling wedge & nice 4H divergence into the 0.786 Fibonacci level, good potential for a nice long from this zone