In semi log chart By Elliott wave count indicator we can easily count current wave is wave 4 but we don't know if we are in wave 5 or not, it count be flat correction, current price action still look like bear flag, so price need strength gain momentum to continue bullish, if it break previous high we can more confident it is wave 5, if it break last low which we count c by hand price still correct.
normal target for long is last high.
normal target for long is last high.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.