Constructive ascending Triangle in progress. Breaking 54 level could open the door for upside break_out, towards 59 and beyond. Short term overbought, might pullback. 50 cross 200 sma.
Comments
Alex_4D
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I'm relatively new to Elliott but it's not clear what is the starting point for wave 1?
rv
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hmm. lets say from the 200 sma first touch peak, within this frame. but lets focus on the geometry of the triangle, mostly. thanks