Wave V must be shorter than III; below red line. The closest fibonacci target to the ceiling is 310,514. Note the resitance at the mid channel line capping waves circle 1 and circle 3. Once we break above the mid line market should accelerate towards the upper channel.
I've moved wave IV label to 2018 (worst case) just in case my previous count is wrong. The channel is an elliottwave channel which connects waves II & IV and touching III)
its been a while, nice to see you back.
having a similar idea where resistance is in a wedge instead of 0.5 of fibonacci channel.
s3.tradingview.com/snapshots/v/vaNiN34j.png good luck
having a similar idea where resistance is in a wedge instead of 0.5 of fibonacci channel.
s3.tradingview.com/snapshots/v/vaNiN34j.png
good luck