tron Always have triangular diagonal Elliots ! Reversal signals
Tron trx Rose via triangular diagonal Elliot and fall via same ( if you thinking about correction of first wave then the starting 3 waves of down wave are ABC of rising wave) !
Focusing other other timeframe charts we get :
On the Daily Chart, current price is completing Wave 2 and the theory tells us Wave 3 is typically (not always) the longest Impose Wave.
On the Weekly Chart, last week closed with a doji and as of the moment a bullish inverted hammer appears to be forming (week just started).
We can draw H and S there but in downtrend won't like to draw that !
Overall there are many indications of reversal and we could see that soon !
Focusing other other timeframe charts we get :
On the Daily Chart, current price is completing Wave 2 and the theory tells us Wave 3 is typically (not always) the longest Impose Wave.
On the Weekly Chart, last week closed with a doji and as of the moment a bullish inverted hammer appears to be forming (week just started).
We can draw H and S there but in downtrend won't like to draw that !
Overall there are many indications of reversal and we could see that soon !