Elliott wave with entry on support
This analysis is for educational purposes only.
Price has arrived at previous resistance on the four hour chart. This could be a possible support. The 1 hour chart shows the development of an Elliott Impulse Wave, which may now be setting wave 4 ,after which the last wave should arise. This wave has a possible length of 0.618 from wave 1 to 3.
Price has arrived at previous resistance on the four hour chart. This could be a possible support. The 1 hour chart shows the development of an Elliott Impulse Wave, which may now be setting wave 4 ,after which the last wave should arise. This wave has a possible length of 0.618 from wave 1 to 3.