After today's situation, I came to the conclusion that we are in a 5th wave that can lead up to 25 300, AS LONG AS IT DOESN'T GET TRUNCATED
25 300 would match a 0.618 retracement of the big drop to 18 200
If we reach 25 300 and then move back down, it might mean that we would start the 3rd wave (3 out of 5) which would go lower than the first wave (at 18...
Hello,
here is my first graph with Elliott's Waves. I m new to this, and it can be totally wrong, but I do see 3 potential short-term targets on the 4h chart. Any of those could act as a resistance and then we would start going back down.
I might try a quick LONG with a tight SL if we break the 23 878 and then get SHORT anytime we get close to 24 200 with a SL at...
