As per Elliot's wave, the E wave of a triangle has been completed.
an impulse wave is forming of which 1st segment of the 5th wave is in progress.
c wave of 1st of 5th wave is forming ...so can take a short position up to 350...
then there is a massive move up as 5th wave can be the extended one.
an impulse wave is forming of which 1st segment of the 5th wave is in progress.
c wave of 1st of 5th wave is forming ...so can take a short position up to 350...
then there is a massive move up as 5th wave can be the extended one.
Note
looks like wave 2 has been completed and wave 3rd is in progress..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.