We appear to be in an Elliott "Wave 5".
Wave 5's in commodities tend to extend.
Likely a pullback first then next/last leg?
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Here is a Near-Term plot of possible retrace to $2307
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Wave 5's in commodities tend to extend.
Likely a pullback first then next/last leg?
.
Here is a Near-Term plot of possible retrace to $2307
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Zoom in (h1)
so far that is what we have, albeit after piercing,
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Zoom in more (m5)
"Ping" as in "Give me a ping Vaislly, One Ping Only".
This pings energize and alert all of the sister fibs.
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Adding local fibs including one for our bounce:
a good spot for possible end of this wave up.
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SUMMARY:
- Proceeding exactly per out plan thus far.
- Currently at a resistance that might pullback.
- Whether we get new highs or not is not clear yet.
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