As shown in the chart, price is currently at the end of wave 1 of 5.
In the short term, this suggests we may see a bearish corrective move to form wave 2, after which the bullish move could resume.
Let me know if you have any questions about Elliott Wave analysis!
In the short term, this suggests we may see a bearish corrective move to form wave 2, after which the bullish move could resume.
Let me know if you have any questions about Elliott Wave analysis!
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Related publications
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.