The white elliot waves are from the 1H.
The 5 white impulse waves form wave 1 of the 4H EW (pink). ABC in white is from the 1H which forms wave 2 of the higher fractal (4H). That means hopefully wave 3 incoming on the 4H which may take price to previous support which is also the 161.8 fib.
Just a possible path based on elliot waves and fibs.
The 5 white impulse waves form wave 1 of the 4H EW (pink). ABC in white is from the 1H which forms wave 2 of the higher fractal (4H). That means hopefully wave 3 incoming on the 4H which may take price to previous support which is also the 161.8 fib.
Just a possible path based on elliot waves and fibs.