Just to mull over this chart a bit more after closing the trade.
The bounce arrived at the 1:0.618 extension from ATH with a small amount of overshoot.
Although difficult to see while in progress APE then printed a textbook elliott wave ABC correction where A and C are equidistant to form the very common 1:1 log based fibonacci ratio. Out of any ratio this is the most common for a 3 wave correction and it is interesting that this was the outcome considering the sub-waves were very exotic.
In the C wave one wedge fell into another wedge after the C wave topped.
Then as it approaches the trendline from the swing lows there are a couple of very limp SRP probes upward within in circle before collapsing through and the trend since then accelerating to the downside.
The bounce arrived at the 1:0.618 extension from ATH with a small amount of overshoot.
Although difficult to see while in progress APE then printed a textbook elliott wave ABC correction where A and C are equidistant to form the very common 1:1 log based fibonacci ratio. Out of any ratio this is the most common for a 3 wave correction and it is interesting that this was the outcome considering the sub-waves were very exotic.
In the C wave one wedge fell into another wedge after the C wave topped.
Then as it approaches the trendline from the swing lows there are a couple of very limp SRP probes upward within in circle before collapsing through and the trend since then accelerating to the downside.
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This worked well.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 1 of weekend video 25/5 now uploaded to the group😼.
$50 per month 👍🏻.
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Part 1 of weekend video 25/5 now uploaded to the group😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
