Elliott Wave Outlook
Bullish Wave 5 is in progress
Buy the breakout of the pink line to the targets of wave 5 at Fibo level 0.618 or 1.0
The red box is a potential reversal zone of wave 5 to the down side
Buy the breakout of the pink line to the targets of wave 5 at Fibo level 0.618 or 1.0
The red box is a potential reversal zone of wave 5 to the down side
註釋
Price did not break above the pink line , so there is a possibility for an complex corrective structure being forming and I suggest it to be a Running Flat Corrective Structure , 3.3.5 internal structure, as shown in the chart below Currently , the final bearish impulsive wave C of the running flat is being in progress , then the final bullish wave 5 is triggered to the 0.618 or 1.0 fibo levels
For a running flat structure , wave C should not break below wave A , if that happened , the running structure is invalidated and there maybe a possibility for a deeper down correction by an Irregular Flat
註釋
Running Flat is in progress註釋
Bearish wave C of the Running Flat is Completed Will it reverse up to form wave 5 ? we gonna see :)
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