So, conjugate waveform or Elliot wave retracement is 5 steps. With 3 being the longest. 5 obviously the lowest. Once a demand or supply zone is tapped/broken into, they want the extreme of that zone. That's why I think 2.80 low.
With, 1234 break on Z out of the bearish Pennant into the demand. Forming the bottom of the, now larger C&H.
And aAaAway we go!
With, 1234 break on Z out of the bearish Pennant into the demand. Forming the bottom of the, now larger C&H.
And aAaAway we go!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.