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 !
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.