The consolidation pattern for an Elliot 5 triangle wave says we should be done consolidating. Since it fulfilled on the down leg, I reckon that means we head up through the upper resistance and start the recovery...? It also would mean we might skip the Head and Shoulders of doom that fulfills at 29000
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Disclaimer
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.