This correction will end soon if we follow elliott wave count.
fibonacci rules give the wave sizes and the targets.
we dip in the untouched demand zone and we take off
this curve channel target is the 0.618 0.65 retrace of the last move down, it is also the VAL (value area high) of this range
a breakout of this channel will give more confidence for a pushup
for me this breakout will be just a bounce and i expect a dump after.
fibonacci rules give the wave sizes and the targets.
we dip in the untouched demand zone and we take off
this curve channel target is the 0.618 0.65 retrace of the last move down, it is also the VAL (value area high) of this range
a breakout of this channel will give more confidence for a pushup
for me this breakout will be just a bounce and i expect a dump after.
Comment:
VAH not VAL :)