FND - B wave pivot to head and shoulders
Something a bit different from the 5th wave pivot. This B wave pivot from the bottom range of a rising wedge may result in the formation of the top right shoulder of a head and shoulder pattern. Worth watching for two reasons. The b wave up and the c wave correction.
Raising wedge. Bearish
ABC elliot wave. Bearish
Head & Shoulder. Bearish
B wave target 129
C wave target 88
Raising wedge. Bearish
ABC elliot wave. Bearish
Head & Shoulder. Bearish
B wave target 129
C wave target 88
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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.