I am not inline with this. But as a reversal Elliott Wave trader I always draw scenarios because this strategy is a double edge sword. Only having 1 bias is not ideal. Basing on market psychology on my experience if we break this trend line likely it's a bull run. On descending/ascending triangles it often forms a new trend rather than fakeouts like this.
Regardless of how contradicting my statement to the chart. This is still possible. Fake out because a abc 535 is needed. Or maybe it ends elsewhere.
Regardless of how contradicting my statement to the chart. This is still possible. Fake out because a abc 535 is needed. Or maybe it ends elsewhere.