Double Three or WXY is one of the most important patterns in New Elliott Wave theory and probably the most common corrective pattern in the market nowadays, also known as 7 swing structure. Wave subdivision is 3,3,3 which means all of these 3 waves are corrective sequences.
The consideration is that Wave Y looks to require some more length to the south, but it looks as if we are in the final wave, perhaps targeting the 0.91 fib at the $1800 zone.
Looking at Pos Div on the RSI Weekly to give a great 'heads up'.
After that an extended Wave 5 to the moon.....
The consideration is that Wave Y looks to require some more length to the south, but it looks as if we are in the final wave, perhaps targeting the 0.91 fib at the $1800 zone.
Looking at Pos Div on the RSI Weekly to give a great 'heads up'.
After that an extended Wave 5 to the moon.....