I follow price action as shown on past chart analysis. But here's my perspective of the Elliot Wave cycle applied to this.
Combining it with price action shows me a powerful outlook on the chart. They work wonderfully together.
Both the Elliot Wave and Price Action shows the same outlook to me. Final C leg down remaining before we turn up again for a continuation of the bullish uptrend and breakout on the higher time frames.
Our extended move up is looking to get back closer to the mean after such a large breakout of a Trading range on the higher time frame.
Combining it with price action shows me a powerful outlook on the chart. They work wonderfully together.
Both the Elliot Wave and Price Action shows the same outlook to me. Final C leg down remaining before we turn up again for a continuation of the bullish uptrend and breakout on the higher time frames.
Our extended move up is looking to get back closer to the mean after such a large breakout of a Trading range on the higher time frame.
