Howdy Traders and investors ! you are showing reliance 1 day timeframe chart. I have analyzed this chart with Elliott wave principle. so shall we direct jump on pull ? yes ! shallow ends first !!!!!!!!!!! I have liable impulse phrase from November 2016 to September 2020. before 2016 data of chart it quite deceptive and I always ask my self that do I recognize the patterns which I was looking for ? so yes...
wave 4 is Forming Triangle and at the E point of Price has completed wave 4. wave 3 and 5 is extended now wave 5 have finished his bull run and it's Time form corrective Phrase I can find 3 sub wave of Wave A. if wave A can't make leading Diagonal and C point is the end of wave A so correction must be flat. if wave B will End beyond wave A so we can have Expanded Flat. If wave C cant exceed ending point of wave B so it must be Running Flat when correction will be finished we will ride on Impulsive moves.