Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Light purple wave is the count we should be looking at. Wave (1) top was found at 3.3 and wave (2) bottom is 0.63. Start of wave 1 was 0.13; I think the bottom is in for wave 2 since we hit 0.63 back in 6/21' and we had a chance to go lower with the recent 5 months retracement, however we didn't. If the current chart is correct then we should be moving towards the blue micro waves.
Wave 3 target $11.3
Light purple wave is the count we should be looking at. Wave (1) top was found at 3.3 and wave (2) bottom is 0.63. Start of wave 1 was 0.13; I think the bottom is in for wave 2 since we hit 0.63 back in 6/21' and we had a chance to go lower with the recent 5 months retracement, however we didn't. If the current chart is correct then we should be moving towards the blue micro waves.
Wave 3 target $11.3