My method is based purely on Elliot Wave Principles and Price Action.
I’ve added a Key to help you understand my POV on the current price action.
Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.)
Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.)
INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board) Setup Invalid (market still developing or correcting) 12345 ( Elliott 5 wave impulse cycle
ABC (simple market corrections)
WXY (Complex correction, 2 basic correction)
WXYXZ (Complex correction; 2 or more simple or basic correction)
Types of Correctional wave and their internal structure count: A-B-C Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3)
I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. Your comment and feedback are appreciated.