Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The bottom green trend line is the biggest support line vtho has and we're pretty much near the bottom of that line. Up Only?
The bottom green trend line is the biggest support line vtho has and we're pretty much near the bottom of that line. Up Only?
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Update: Still good so far. We need a bounce here otherwise my count is invalid. Wave 2 cannot retrace to where wave 1 and we're cutting it close. I've added some resistance and support lines of where price targets may reach to/bounce from. Note
Update: I've updated the wave counts and the ABC has been moved since we went lower and the new impulse wave has yet to start. If we go any lower than the starting of our current impulse wave (1) then this chart is invalid. I will update as we go.
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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.