Note: This is for educational purpose only. There seems to be a bullish breakout with volumes. RSI above 64 indicates bullish momentum.
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave. Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel . -> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3. Wave Personality : I won't...
Kinnari + Elliott's wave theory 5 + 3 = Waves The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wav e. Elliott’s cycle of the 5th Wave is under-construction . 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel. -> Bottom Out: You have figured out that Wave 4 would...