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VEN/ETH Elliott Wave Analysis (Set-up for Rebound)
I see a strong set-up for a rebound here. Quadruple confluence of:
1) Wave C at 61.8% Fib extension of A from B.
2) 31.8% Fib Retracement of the larger 5-wave impulse structure
3) Geometry on Pitchfork Channel
4) RSI in Buy zone
1) Wave C at 61.8% Fib extension of A from B.
2) 31.8% Fib Retracement of the larger 5-wave impulse structure
3) Geometry on Pitchfork Channel
4) RSI in Buy zone
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