Impulsive sell approaching

21 thg 11, 2022

Simple Elliott wave pattern approach is applying for this price action, currently price is in fourth corrective wave entering the supply zone located on 78.6 fib level created by the third impulsive wave in the form of rising wedge, this zone exist on daily and 4H time frame unmittigated, regular and hidden divergenses are showing on momentum indicators, most likely price will reverse from it on it's way to fifth impulsive wave and complete the Elliott pattern, from which a new buying opportinity is presented with another pattern. To be continued then....