I drew a line in red, it is important because it connects the ending point of wave 1 and wave 3 and respectively there is green line parallel to red line but from ending point of wave 2
These lines are drawn professionally and are not simple channeling lines. So draw it for your self it is going to be a significant line in the future.
Back to elliott, i think we are in a complex corrective wave and i should ask, where is the best place for this kind of corrections ? The answer is wave 4
I did a lot of time in chart and i realized that this is most correct way to count. And i think we are not yet completed the 5 wave pattern and we are in wave 4.
So i think there is two options now.
1-we are forming a triangle
2-we are forming a complex WXY or WXYXZ
But also there is a chance to form more complex forms of correction or starting a new motive wave toward the downside but right now i dont see anything like that so i leave it there for more price action to have, to give a thought
Have fun
Stay tuned
These lines are drawn professionally and are not simple channeling lines. So draw it for your self it is going to be a significant line in the future.
Back to elliott, i think we are in a complex corrective wave and i should ask, where is the best place for this kind of corrections ? The answer is wave 4
I did a lot of time in chart and i realized that this is most correct way to count. And i think we are not yet completed the 5 wave pattern and we are in wave 4.
So i think there is two options now.
1-we are forming a triangle
2-we are forming a complex WXY or WXYXZ
But also there is a chance to form more complex forms of correction or starting a new motive wave toward the downside but right now i dont see anything like that so i leave it there for more price action to have, to give a thought
Have fun
Stay tuned
Comment:
the idea of forming a triangle is invalid now. may be we are in a WXY correction.
Comment:
