Hi there,
Note that i'm not a professional, im still learning Elliot waves so feedback is appreciated.
I think this is a single Zig zag correction. I've counted the waves and i can find an ABC pattern with 5-3-5 subwaves.
I was wondering if wave 5 of C could be higher than wave 4 of C in this type of correction? Are there any experienced Elliot wave analysts here who can give me the answer?
Because if 5 cannot be higher than 4 i believe price will drop down to complete the final wave of C.
I made an analysis a few day's ago which is showing us a bullish descending wedge this in combination with this zig zag correction pattern makes me think prices could go up very soon.
I'd like to know what more experienced analysts think of my interpretation.
Thanks in advance. :)
Note that i'm not a professional, im still learning Elliot waves so feedback is appreciated.
I think this is a single Zig zag correction. I've counted the waves and i can find an ABC pattern with 5-3-5 subwaves.
I was wondering if wave 5 of C could be higher than wave 4 of C in this type of correction? Are there any experienced Elliot wave analysts here who can give me the answer?
Because if 5 cannot be higher than 4 i believe price will drop down to complete the final wave of C.
I made an analysis a few day's ago which is showing us a bullish descending wedge this in combination with this zig zag correction pattern makes me think prices could go up very soon.
I'd like to know what more experienced analysts think of my interpretation.
Thanks in advance. :)