As we have hit Elliot Wave count 5 at around 11.8k, we are now in correction mode. I see a Elliot triple combo WXYXZ wave in progress with a target of around 8.4k as shown in the chart.
Further indicator is a head & shoulder pattern with the same target area.
Disclaimer: TA noob, no fincancial advise ;)
Further indicator is a head & shoulder pattern with the same target area.
Disclaimer: TA noob, no fincancial advise ;)
