We see price in a channel indicated by the white parallel lines.
Bounce off the top, then a move back up and now resting against resistance.
There's an area of confluence at the bottom of the channel created by the teal trend lines.
Elliot wave wise, we see this as the 3rd wave after reaching the 38.2%.
Looking to come down for the correction past the 61.8%.
Expecting further moves higher thereafter.
Bounce off the top, then a move back up and now resting against resistance.
There's an area of confluence at the bottom of the channel created by the teal trend lines.
Elliot wave wise, we see this as the 3rd wave after reaching the 38.2%.
Looking to come down for the correction past the 61.8%.
Expecting further moves higher thereafter.