Elliott Wave: TAIEX nears the end of Wave 5
The price of TAIEX has been going up after bottomed at 2020/3/19,
and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25),
therefore I expect the price is now heading to the last wave
According to my point of view, the micro wave 1 and 3 has finished,
it will be invalided when the price goes above 17819.78
Furthermore, another "evidence" also indicated the subminuette wave v will end around 17784 by adding up the width of triangle wave iv from the ending point of wave iv
and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25),
therefore I expect the price is now heading to the last wave
According to my point of view, the micro wave 1 and 3 has finished,
it will be invalided when the price goes above 17819.78
Furthermore, another "evidence" also indicated the subminuette wave v will end around 17784 by adding up the width of triangle wave iv from the ending point of wave iv
Comment:
The submicro wave 4 MAY have finished
Comment:
The 5th of 5th of 5th should be finished
