This defined the 12798
area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test.
Although the BC
projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure
was the defining limit. The chart of the price action in the PRZ shows the near-perfect reversal just the PRZ at 12798 nearby expecting...
I outlined that important level is at 12798 a
nd Terminal Bar
will decide for reversal confirmation.
I have mixed use Breakdown + Elliott
Modied Basic Rules...