Good morning, Although I love the Elliot-wave theory a lot, I saw a pattern forming that we don't see that much. A saucer-base, which is NOT a cup and handle. The dept of the saucer is less than 20% as it needs to be. The length of the saucer normally is between 7 to 65 weeks so its one week shorter. I think its creating a nice buy in opportunity here. Save trades! (this is not a buy or sell advise) Make your own wise decisions. Greets from Belgium!
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.