Elliot wave projection, Short term + long term picture
On the daily chart I'm anticipating the 5th wave on the daily, it's currently in a channel once it breaks it will start the 5 the wave. On a smaller time frame we also have an elliot wave where it looks like the 5th wave will be the break out wave of the channel/trendline. Also anticipating a ABC correction then continuing the bullish Trend. Stops will be under 1.4740, the high of the 1st wave on the smaller chart.
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Currently in some trades at break anticipating break out, if it breaks looking to complete crab pattern.
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This is what I see on a smaller time frame, there's 2 potential plays on where the 3rd wave may go, it it just goes straight to the 1.5000 then it's setting up to go higher possibly 1.5200
