price is inside a descending parallel channel which means price is going to the up side to complete the final move towards the QM LEVEL before any solid drop
Price completed the running flat of WAVE ABC and it is expected to keep going down now which 16k is the first target before the further fall to 10600 price level which is the final target
Price is on 5 impulse wave sequence , wave 4 have been completed after the rejection at 0.382% fibo level and it is expected to move to wave 5 which have the same measurement with wave 1.
price is expected to move to the upside after the leading diagonal formed wgich stand for wave A and correction is in place to the QM level which stand for wave B then after wav B is complete , we will move down for wave C
price went up for the forecasted wave B correction , and now it is expected to move down impulsively to wave C. which target is 0.618% of the whole move. It formed HEAD AND SHOULDER pattern which is equivalent to WAVE 345ABC in elliot wave structure and counting
price hit the QM level after clearing the liquidty created by the FOZ. i expect price to drop to the low of the structure and perharp the lower low which is the fianl TARGET
price created FOZ and is expected to clear the liquidity at the top , hitting the QM level before dropping hard. for the wave C correction which is impulse wave in the corrective cycle
I expect a retracement from the wave A to wave B which is between 0.5% and 0.618% for rejection level and i expect impulse move from the level down to wave C which is 0.618% fibo level of the whole 5 impulsive wave
price is moving a ascending channel and it is expected to reject the other end of the parallel channle which also serve as the quasimodo level for the drop to the downside
Price is moving in the channel, it is expected to move to the other end of the channel to complete the wave structure which is wave 5. before any reversal.
i expect wave 4 to move to the upside now without breaking into the region of wave 1. and i execpt price to hit the 100% of wave 1 as the initial target and 96 level as the second target