Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
RR: 13.8
RR: 13.8
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Chart update: Timeframe changed to 4h
If we're starting the pink wave it would look something like this, if not we will be finishing the C wave.
If we're starting the pink wave it would look something like this, if not we will be finishing the C wave.
I've added support and resistance lines.
Either pink wave will play out or the teal one.
A break above the blue resistance line will confirm the pink wave.
If not we might have another leg down to the ABC wave and then we move from the teal wave.