This chart outlines an advanced Elliott Wave structure within a parallel channel. We've seen the first clear 5-wave impulse move (1-5) followed by corrective waves (A-B-C-D-E), retracing to the golden 0.786 Fib level (E)—an area of strong confluence. 📈
The price continues to respect the channel boundaries, suggesting a high-probability wave 3 extension forming on the local timeframe. The current setup offers potential for significant upside if the channel holds and momentum builds.
Personally im looking for a local peak in the next weeks as (3), and a A-B-C correction before the HTF 3 wave peaks around mid february. Here a am planning to sell to realocate in the summer before the 5th of the 5th ending in september.
Let me know your thoughts below! 💬
The price continues to respect the channel boundaries, suggesting a high-probability wave 3 extension forming on the local timeframe. The current setup offers potential for significant upside if the channel holds and momentum builds.
Personally im looking for a local peak in the next weeks as (3), and a A-B-C correction before the HTF 3 wave peaks around mid february. Here a am planning to sell to realocate in the summer before the 5th of the 5th ending in september.
Let me know your thoughts below! 💬
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.