Calling this a ABC correction wave only because it has broken out of a long term up trend line + H&S pattern. Also, broad market seems to be weak overall.
It might turn out to be a 12345 Elliot Wave, bringing it back to retest recent high, but we shall see.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
It might turn out to be a 12345 Elliot Wave, bringing it back to retest recent high, but we shall see.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Trade closed: target reached:
Closing the trade slightly earlier