Elliott Wave Daily Outlook
The Final bullish wave 5 of the bullish WXY correction is in progress
Then a deep bearish move forming the last major wave 5 will be triggered and confirmed by the breakout of the yellowish dotted up corrective WXY channel
Note
On 4hr chart , the breakout of the down trend dotted yellowish resistance may triggers the bullish wave 5 formation , and notice the bullish RSI divergence which indicates a reversal of the down trend is near to the up sideNote
Bearish wave 5 in progressNote
sell the breakout 
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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.