We are currently experiencing a Wave 2 correction after completing an impulsive Wave 1. Once the ABC correction is complete, we can expect to enter an impulsive Wave 3. As time goes on, if it seems like we are entering Sub-Wave 1 of Wave 3, I will publish an idea to outline new targets. For now, we should anticipate new movements in the market.
If we count Elliot Wave at weekly or monthly, we see we are at the ABC Correction of the Primary Impulsive wave, that the ABC might create an Irregular or Expanded Flat. I think the chart is going to create a C wave of the ABC Primary wave, and those numbers might be a target, but according to Fibbonaci Levels, 0.618, which is 40,000. Other targets can also be...
As the Chart tells everything for addition, based on the Elliot Wave Sequence, 5 waves of impulsive ended on December 23, also Divergence on RSI is obvious.
This proof of the 5 Impulsive ended. Right now we are at ABC Correction, and now the B Wave is close to the end, and Wave C is coming on a big.
