UNFI Trend Anaysis
at the 4 h timeframe we see unfi$ made a cup pattern.
even made cup pattern we see it retest his position, it makes think to us might make a formation which contain harmonic pattern.
Cup pattern almost become sin pattern with expansion. İn both case it will jump height of cup.
When fib measure dip of cup to top, we can see it is fit to rising trend rules. In accordence with criteria of elliot 5. wave, it looks like complete first correction at 0.618 and 2. top at 1.618. Last 5. top will make new action.
I think after complete to 5. top, will start a new trend.
p.s: not investment advices...
even made cup pattern we see it retest his position, it makes think to us might make a formation which contain harmonic pattern.
Cup pattern almost become sin pattern with expansion. İn both case it will jump height of cup.
When fib measure dip of cup to top, we can see it is fit to rising trend rules. In accordence with criteria of elliot 5. wave, it looks like complete first correction at 0.618 and 2. top at 1.618. Last 5. top will make new action.
I think after complete to 5. top, will start a new trend.
p.s: not investment advices...
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