We are now on the impulsive direction again?
I am new to Elliot wave and this is just my Educational thought.
I saw a trend reversal signal when the price break the sub-downtrend line (Purple line), then fail to make a lower low and a lower high. If the corrective waves (2) is correctly labeled as an ABCDE triangle correction, then we are on the begining of waves 3 (Blue) with sub-waves 1 & 2 just've been finished.
Share your thought. Thanks.
I saw a trend reversal signal when the price break the sub-downtrend line (Purple line), then fail to make a lower low and a lower high. If the corrective waves (2) is correctly labeled as an ABCDE triangle correction, then we are on the begining of waves 3 (Blue) with sub-waves 1 & 2 just've been finished.
Share your thought. Thanks.
註釋
Price has to break out of the long term trendline (the Red line) to confirm uptrend countinuous.
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