hey yall ,
here we are with AMC , elliott waves are drawn on the chart , so as you can see , the fifth wave hasn't been started yet and we're waiting for it . now we are in the 4th wave (correction wave) and price has made a triangle like the way it did in the wave 2 (correction wave) . the Entry zone is exactly above the triangle cause breaking above the triangle is a confirmation for AMC to start the 5th wave . target zones are also on the chart . now it can even go upper than the first red zone , that's why I wrote there "first target" . well , we'll have to see . when we reached the target , either it'll go up to the next target or it'll do ABC correction waves . so don't forget that the entry is exactly above the triangle !
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
Good luck .
here we are with AMC , elliott waves are drawn on the chart , so as you can see , the fifth wave hasn't been started yet and we're waiting for it . now we are in the 4th wave (correction wave) and price has made a triangle like the way it did in the wave 2 (correction wave) . the Entry zone is exactly above the triangle cause breaking above the triangle is a confirmation for AMC to start the 5th wave . target zones are also on the chart . now it can even go upper than the first red zone , that's why I wrote there "first target" . well , we'll have to see . when we reached the target , either it'll go up to the next target or it'll do ABC correction waves . so don't forget that the entry is exactly above the triangle !
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
Good luck .