Here I applied the Elliott Triangle Wave. Each wave should have atleast 3 subwaves in descending-ascending-descending order. I drew what could be an incoming impulse wave after we complete the triangle guided by the volume profile and resistance/support levels. Looks like were bouncing between the node located at the 150ish area and the 114ish area. Theres a strong developing point of control at below us at the 109 mark.
**THIS IS NOT FINANCIAL OR TRADING ADVICE**
**THIS IS NOT FINANCIAL OR TRADING ADVICE**
코멘트:
Condensed the volume profile. Retraced a different impulse elliot wave.
코멘트:
Zoomed into the peak at the 240$ level. Looks like the volume profile is showing a high volume node taking us in the 150$ direction. I think theres going to be a retracement afterwards down and more or less follow the D-E elliot wave.
코멘트:
Will it go red or green? Either way, looks like its up later.