Hello there,
wave counting is the most important step in Elliot Wave analysis, and also we'd better having more price data to analysis better.
in this case (Trias) I'm not sure about my counting but 2 scenario may happen :
1- we're still on a correction and the bearish trend is coming to complete C wave
2- price is getting ready for 3rd wave (that is mostly strongest) a nice bullish trend (after breaking up the blue line)
regard
wave counting is the most important step in Elliot Wave analysis, and also we'd better having more price data to analysis better.
in this case (Trias) I'm not sure about my counting but 2 scenario may happen :
1- we're still on a correction and the bearish trend is coming to complete C wave
2- price is getting ready for 3rd wave (that is mostly strongest) a nice bullish trend (after breaking up the blue line)
regard