CedricBenacquista
Long

wave 3 at work

FX:FRA40   CAC 40 Index
11 0 3
we are actually into the beginning of the wave 3 of the fifth wave of the first wave of wave IV !!!! (i love Elliot fractal view!)
we are now attacking the median line of the first wave's Elliot channel,& price has broken the 61.8% of the expansion's Fibonacci ratio. Scalper could make a few pips with bull entry after a potential pullback around the median line or the 61.8% Fibonacci ratio (to take the rest of wave 3 & wave 5 of this major first wave / just take care to the potential openning gap after the weekend.). Then, we can have the 161.8% Fibonacci ratio for first target.
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