in a couple of weeks
I expect a fall based on The Elliot Wave theory analysis of different time frames
I think this is the Elliot Wave count at the moment. I have not been doing this for a while so I might be a little sloppy,
I think this a possible count which offers a reasonable R:R
I think its a possibility which is likely because the wave 2 only retraced a little , co probably the current 0.236 is not enough. But as with everything, this might be done with the correction phase end up going to complete the fifth wave already, hence the tight stop loss
we could assume we have now done the first sub-wave up, wait for a retracement in sub-wave 2, and the fifth wave up target is on the table
I think its a fair setup, given that we have already exceeded other targets
While not very sure about the Elliot structure of the correction wave, I think the pitchfork stands and is respected so far. would be buying closer to the boundary, aiming for the middle line with a tight stop loss
i think wave 3 is now over, i can see divergence and 1 to 1 fib extension reach