Counting 1:
After a clear impulse, the price formed a Zig-zag correction (marked in red ABC).
If the correction is completed near 50% (near 3228 level), then the recent upmove is a new impulse.
Of which wave 1 is completed, reaching a high of 3435. The market is currently in wave 2, and the next possible moves are marked as impulse counting (blue 12345).
This analysis is based on Elliott Wave theory and Fibonacci study.
This analysis is for educational purposes only.
After a clear impulse, the price formed a Zig-zag correction (marked in red ABC).
If the correction is completed near 50% (near 3228 level), then the recent upmove is a new impulse.
Of which wave 1 is completed, reaching a high of 3435. The market is currently in wave 2, and the next possible moves are marked as impulse counting (blue 12345).
This analysis is based on Elliott Wave theory and Fibonacci study.
This analysis is for educational purposes only.
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.
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.