PSL | Elliott Wave Projection Standard Zigzag Correction ABC
Price action and chart pattern trading
> Estimated Elliott Wave standard ZZ correction ABC - impulse C at 0.786 - 1.0 of wave A but can be truncated or failure
> Making the Elliott Wave main cycle W.II at 0.382 Fibonacci retracement of W.I starting point
Note: projection in TF4H and TF1H can be different i.e. W.B position is projected as new Wave 1 cycle.
Always trade with affordable risk and respect your stoploss!
Good Luck
> Estimated Elliott Wave standard ZZ correction ABC - impulse C at 0.786 - 1.0 of wave A but can be truncated or failure
> Making the Elliott Wave main cycle W.II at 0.382 Fibonacci retracement of W.I starting point
Note: projection in TF4H and TF1H can be different i.e. W.B position is projected as new Wave 1 cycle.
Always trade with affordable risk and respect your stoploss!
Good Luck
Comment:
A more detailed wave projection presents an alternative bullish scenario:
