This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Hello everyone, I wanted to share with you all what I'm seeing with ally. I believe Ally has completed a flat wave 4 correction. I have outlined 2 pink lines, one will invalidate the flat correction thesis and the other will validated. In other words if Ally breaks and closes below $44 the pattern will be invalidated and a larger correction will probably be in...
Hello and a warm welcome to this analysis
Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post...
It appears to have completed its correction in daily time frame, in hourly the breakout appears to have also completed its pullback. Weekly is suggested a fresh move for the upside till 150. The view would go wrong if it trades below 112
after reviewing the movement of the prices from the ending diagonal formed at the start of wave 1, it could be seen that the wave 3 retraced in the 1.618 zone ...Instantly followed by another counter wave 4 (which is still on formation). We anticipate the commencement of wave 5. We are to go short once we go below the red box. Also, I also spotted a head and...
