Waves got a nice bull run after finding support from the wedge line (shown with green) and started a bullish run. Together with RSI it now enters to the end region of the wedges. It showed and Elliott Wave pattern and maybe expect an ABC correction inside the wedge. If it runs above it it is a pottential long term entry.
If it corrects inside the wedge to RSI 50 then we may take a short term profit inside the wedge (from A to B movement in ABC)
This is not a trade advice, just my personal opinnions =) Looking forward to your comments.
If it corrects inside the wedge to RSI 50 then we may take a short term profit inside the wedge (from A to B movement in ABC)
This is not a trade advice, just my personal opinnions =) Looking forward to your comments.