If we consider 17.5k to 58.2k as an impulsive(12345) Elliott wave, then we should have (ABC) correction wave. Final destination is around C=28-29k
If we consider 29k to 58k as an impulsive (12345) Elliott wave, then we should have (ABC) correction wave. Final destination is around C=43-44k
Or else, we can consider correction wave is finished and we are going to start a brand new impulsive uptrend. (less possible in my opinion)
If we consider 29k to 58k as an impulsive (12345) Elliott wave, then we should have (ABC) correction wave. Final destination is around C=43-44k
Or else, we can consider correction wave is finished and we are going to start a brand new impulsive uptrend. (less possible in my opinion)
Trade closed: stop reached:
ABC correction wave of 29k to 58k (12345) has been completed around 44k.