Wave Y of e of bullish converging triangle...

11 thg 5, 2020

Working wave y of e down. Elliot wave common relationship of corrective 3 wave form: Wave Y reaches equality with wave W at 1687 so 1687 is my first projected endpoint of wave e. Another common relationship of converging triangles is wave e = .618 x wave c. That endpoint projection would be 1680 which is also on a/c trendline. So atm I'm waiting for price to get between 1687 and 1680 before looking to get long. I will look to RSI on hourly chart to see if I get some possible bullish convergence to help confirm wave e termination. Good luck and better discipline today.