We have a chart request from Raimis12
This asset is looking like it had a nice run but with the recent weekly rejection candle it looks like we will now be correcting our 5 waves that we had to the upside. i don't see why it wouldn't be a good idea to take the long at the end of the retracement. the retracement could take us to 78 percent but it could pay off big time. the 5 elliot waves we got to the upside aren't pretty but they are there. that is to be expected coming off of a low as the bulls fight to take control.
i hope this video helped. if you guys want me to break this chart down further as new data comes in or if you have your own chart request please let me know.I'm always here to help.
take care guys and gals
rigo
This asset is looking like it had a nice run but with the recent weekly rejection candle it looks like we will now be correcting our 5 waves that we had to the upside. i don't see why it wouldn't be a good idea to take the long at the end of the retracement. the retracement could take us to 78 percent but it could pay off big time. the 5 elliot waves we got to the upside aren't pretty but they are there. that is to be expected coming off of a low as the bulls fight to take control.
i hope this video helped. if you guys want me to break this chart down further as new data comes in or if you have your own chart request please let me know.I'm always here to help.
take care guys and gals
rigo