Hello traders,
Following my Elliott Waves analysis, we can tell that we are in the Wave B of the C for the first down trend correction of the US100.
In my opinion for the last long:
- We are going to reach for the first objective 14482-14572 before dropping (which is the 123%-127% of extension) of the green ABC of the Orange B.
- The second objective, is at 15036, which is the 161%, but it is less likely to reach it...we never know with the volatility of the US100
After the objectives reached, we willl be dropping to:
- My strongest objective which is 11731, for the 113% of extension of the purple ABC, which is also the yellow 50% objective of the entire IMPULSIVE wave since COVID-2019 crash.
(see the red 38.2% objective that have been respected)
Following my Elliott Waves analysis, we can tell that we are in the Wave B of the C for the first down trend correction of the US100.
In my opinion for the last long:
- We are going to reach for the first objective 14482-14572 before dropping (which is the 123%-127% of extension) of the green ABC of the Orange B.
- The second objective, is at 15036, which is the 161%, but it is less likely to reach it...we never know with the volatility of the US100
After the objectives reached, we willl be dropping to:
- My strongest objective which is 11731, for the 113% of extension of the purple ABC, which is also the yellow 50% objective of the entire IMPULSIVE wave since COVID-2019 crash.
(see the red 38.2% objective that have been respected)
