looking at a 1 month charts, with the completition of the 5 th impulse elliot waves.
we can see that every waves did bounce on a fibo retraement/exension combinaison (i noted the one i don't show on the chart)
also a simple extension of wave 1 give us a clear sign of the end of the 5th wave.
it's actually to see a market following fib level that perfectly (i let one fib extension so you can see how the price move perfectly into each fib levels.
but this is also a warning. ether we have a bear correction of the market ether we have a chopi market incoming.
i wouldn't recomand to any investor to put their monney into the stock market as of current time.
risk to reward isn't in your favor anymore
we can see that every waves did bounce on a fibo retraement/exension combinaison (i noted the one i don't show on the chart)
also a simple extension of wave 1 give us a clear sign of the end of the 5th wave.
it's actually to see a market following fib level that perfectly (i let one fib extension so you can see how the price move perfectly into each fib levels.
but this is also a warning. ether we have a bear correction of the market ether we have a chopi market incoming.
i wouldn't recomand to any investor to put their monney into the stock market as of current time.
risk to reward isn't in your favor anymore