TNB - quite overhyped Asian App allowing the fans to purchase some time to interact with their favorite celebs. This is a requested analysis. I believe we might have completed the 5 Elliott waves and are currently in ABC (or it will be ABCDE correction), but as long as we trade within the channel, we are OK! a break out would lead us to a new target - 200% above the current price.
Hello sir, correct me if i'm wrong but in an ABC correction C needs to be lower than A. I personally thought we are in the end of wave C but i might be wrong.
Have a nice day
MaximBar
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@ComeTcrypto, I agree that what we see now could be C already, just for simplicity I drew an extended correction. And theoretically C can be on the same level as B (flat correction), I agree what it is very speculative what I drew.
Flat correction is mentioned here (it is more like a sideways movement).
forexabode.com/forex-school/technical-indicators/elliott-wave-theory/abc-correction/
KassandrA_dotcom
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@MaximBar, i see... anyway A or C we should going up from this price aha :D.
Thank you for the link.
Have a nice day