On the Daily chart of UK100 index we are looking at a higher degree impulse taking place with price specifically trading in final wave (v) of a five wave move.
As we can see market activity displayed a five wave pattern in the previous fourth wave correction, that is also known as an Elliott Wave triangle. This is a continuation pattern that occurs prior to the final wave within higher cycle. That said we need to see a decisive break above the wave d swing of the triangle for a confirmation that correction is really over and that more upside may follow.
As we can see market activity displayed a five wave pattern in the previous fourth wave correction, that is also known as an Elliott Wave triangle. This is a continuation pattern that occurs prior to the final wave within higher cycle. That said we need to see a decisive break above the wave d swing of the triangle for a confirmation that correction is really over and that more upside may follow.
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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.
US Single STOCKS (FREE Access), FX, Crypto
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Learn Elliott Waves
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Newsletter Sign up
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👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
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Newsletter Sign up
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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.