On Weekly/Monthly chart it seems we are in a great long 3rd wave in progress. On Daily chart, we may have just completed 4th wave and might enter 5th wave on the yellow trendline break as shown hereby.
We will have to see the price action and momentum near 640s and 650s and then plan to seek an upward journey until end of 5th wave on Daily time-frame.
There is a...
It seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't...
