We have a clear 5th wave in progress.
The 5th wave will complete the A-B-C zigzag, where wave C is a slightly less aggressive slope than wave A, as is usually the case for a Elliott zigzag
Blue Line from wave 2-4 cloned and placed atop wave 3 shows the end of wave 5
Wave 5 / Wave C end near the 100% extension of wave A
The end of blue line for wave 5/C ends Feb 3 which coincidently is a Friday.
The 5th wave will complete the A-B-C zigzag, where wave C is a slightly less aggressive slope than wave A, as is usually the case for a Elliott zigzag
Blue Line from wave 2-4 cloned and placed atop wave 3 shows the end of wave 5
Wave 5 / Wave C end near the 100% extension of wave A
The end of blue line for wave 5/C ends Feb 3 which coincidently is a Friday.
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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.