There seems to be a cycle of approximately 100 days where price forms the shape of a bowl. As you can see we now reached to uptrend of the bowl and I currently think we are in wave 2 of the larger motive wave. The cycle will probably be completed around October.
Please let me know if I do the labeling wrong. I am very new to Elliot Wave theory, so any help is much appreciated.
Please let me know if I do the labeling wrong. I am very new to Elliot Wave theory, so any help is much appreciated.